Which of the Following Best Explains Why Productivity Growth in the United

question 53

Multiple Choice

Which of the following best explains why productivity growth in the United States has been faster than in other leading industrialized nations?

• A)There are fewer government regulations in the United States regarding the way firms can hire and fire workers.
• B)The financial systems of foreign countries are generally more efficient than those in the United States.
• C)European countries have more flexible policies regarding the number of hours employees are permitted to work.
• D)Job mobility in the United States is more restricted than it is in many foreign countries.

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Definitions:

Ramsar Sites

Wetland sites designated to be of international importance under the Ramsar Convention, aimed at conserving biological diversity and promoting sustainable use of wetlands.

Waterfowl Management

The practice of preserving and regulating habitats and populations of aquatic birds for ecological balance and human recreation.

Marine Sanctuaries

Marine sanctuaries are protected areas of seas, oceans, or large lakes, which are set aside to conserve marine life and its habitat.

Public Lands

Land owned by the government and accessible to the general public for use and recreational purposes.