Real Wages Are Higher in the United States Than in Less

question 12

Multiple Choice

Real wages are higher in the United States than in less developed countries for all of the following reasons,except:

• A)the large size of the labor force.
• B)the skills of the labor force.
• C)the amount of capital available per worker.
• D)the output produced per worker.

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Definitions:

Macroeconomic Factor

A variable or element that impacts the broader economy, including aspects like inflation, unemployment, monetary and fiscal policies.

Mean-Variance Efficient Portfolio

An investment portfolio constructed to offer the highest expected return for a given level of risk, or the lowest risk for a given level of expected return, based on mean-variance optimization.

Expected Returns

The anticipated profit or loss from an investment, based on projections or historical data.

Variances of Returns

A statistical measure of the dispersion of returns for a given security or market index, often used to quantify risk.