To What Do Economists Attribute the Rapid Growth of Labour

question 28

Multiple Choice

To what do economists attribute the rapid growth of labour productivity in the United States relative to other countries?

• A)the flexibility of U.S.labour markets and the efficiency of the U.S.financial system
• B)the strict government rules in the United States that regulate a firm's ability to hire and fire workers
• C)the low rate of job mobility in the United States
• D)the high level of unemployment benefits the United States pays relative to other countries like Canada
• E)the higher educational attainment of American workers relative to workers in other countries like Canada

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Definitions:

Merchandiser

A person or company responsible for the promotion and sale of products, often in retail environments.

Low-margin Products

Products that generate a small profit margin, typically because of low prices relative to the cost of goods sold.

Specialty Store

A store that concentrates on selling one line of goods or services and carries a narrow but deep merchandise assortment.

Geofencing

The use of GPS or RFID technology to create a virtual geographic boundary, triggering a response when a mobile device enters or leaves a particular area.