Which Statement Best Describe the Relationship Between Productivity and Standard

question 24

Multiple Choice

Which statement best describe the relationship between productivity and standard of living?

• A) International trade makes a country's productivity irrelevant.
• B) A country's standard of living and its productivity are closely related.
• C) Productivity only increases revenue to investors, while general well-being is not affected.
• D) A rich country can enjoy a high standard of living without the need for high productivity.