To What Do Economists Attribute the Rapid Growth of Labor

question 20

Multiple Choice

To what do economists attribute the rapid growth of labor productivity in the United States relative to other countries?

• A)the flexibility of U.S.labor 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

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Definitions:

Effective Annual Interest Rate

The actual interest rate on an investment or loan when compounding occurs more frequently than annually, reflecting the true financial cost or yield over a year.

IRA Account

Individual Retirement Account; a tax-advantaged investing tool that individuals use to earmark funds for retirement savings.

End-of-year Payments

Financial distributions made to investors or employees at the end of a fiscal year, often in the form of bonuses or dividends.

Investment Opportunity

A time-sensitive potential for investment that promises a probable return on the capital invested.