Suppose That the Average Income of a Costa Rican Is

question 342

Multiple Choice

Suppose that the average income of a Costa Rican is higher than the average income of a Guatemalan.You might conclude that

• A) Costa Rican firms are faced with stricter government regulations than Guatemalan firms.
• B) total income is divided among fewer workers in Costa Rica since it has a smaller labor force than Guatemala.
• C) Guatemala's climate allows for longer growing seasons and therefore Guatemala can produce large quantities of grain and other crops.
• D) productivity in Costa Rica is higher than in Guatemala.

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Definitions:

Master Account

A central account that holds funds or securities, often used by institutions to manage multiple sub-accounts.

Available Balance

The amount of funds in a bank account that is accessible for withdrawal or processing of checks or electronic payments, not including any holds, unprocessed transactions, or restrictions.

Cheque Book

A booklet of cheques provided by a bank allowing the account holder to pay others by writing cheques.

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity, typically including a balance sheet, income statement, and cash flow statement.