Low Wages May Be Traceable to All of the Following

question 91

Multiple Choice

Low wages may be traceable to all of the following except one.Which is the exception?

• A)low productivity
• B)too much saving
• C)unstable business climate
• D)poor education and training
• E)lack of adequate physical capital supplied to labor

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Definitions:

Gross National Product

A measure of a nation's total economic output, including the value of all goods and services produced by its citizens, regardless of where they are located.

Depreciation

A reduction in the value of an asset over time, due to wear and tear or obsolescence.

Intermediate Goods

Goods that are used as inputs in the production of final goods, not intended for final consumption.

Inventory

The total amount of goods and materials a business holds for the ultimate goal of resale or production.