Rising Productivity Usually Reduces Workers' Standards of Living

question 14

True/False

Rising productivity usually reduces workers' standards of living.

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Definitions:

Tax On Imports

A financial charge imposed by a government on goods imported into a country to regulate trade and raise revenue.

Export Restriction

Export restriction is a policy imposed by governments to limit or control the export of certain goods, services, or technology, often for political, economic, or environmental reasons.

Nontariff Barrier

Refers to any restriction, other than tariffs, that is used by countries to control the amount of trade across their borders, including quotas, embargoes, or regulations.

Trade Embargo

A government-imposed restriction on trade with a specific country or the exchange of specific goods.