In Comparing Two Countries with Different Levels of Education but the Same

question 47

Multiple Choice

In comparing two countries with different levels of education but the same saving rate,rate of population growth,and rate of technological progress,one would expect the more highly educated country to have:

• A) a higher growth rate of total income and a higher real wage.
• B) a higher growth rate of total income and the same real wage.
• C) the same growth rate of total income and a higher real wage.
• D) the same growth rate of total income and the same real wage.

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Definitions:

C2C

Consumer-to-Consumer, a business model that facilitates the transaction of products or services between customers, typically using the internet.

BBC

The British Broadcasting Corporation, a public service broadcaster providing television, radio, and online services in the United Kingdom and worldwide.

Production-oriented Era

A period in business history when the focus was on production efficiency and output rather than on customer needs or preferences.

Sales-oriented Era

A period in marketing history focusing on aggressive sales techniques to push products, regardless of consumer demand or needs.