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

Comprehend the significance of public goods, externalities, and the differentiation between private and public sector needs.

Realize the impact of corporate structures on business operations and liability.

Grasp concepts related to household production and the differentiation between private goods and public goods.

Understand the role and impact of household production decisions in response to taxation.

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