Which of the Following Would Cause Quit Rates to Decline

question 28

Multiple Choice

Which of the following would cause quit rates to decline?

• A) an increase in the urbanization of the population
• B) a decrease in the unemployment rate
• C) a decrease in average wages
• D) an increase in the average age of workers

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Definitions:

Net Factor Payments

The difference between the payments made to factors of production from abroad and the payments made to foreign factors of production domestically.

GDP

Gross Domestic Product, the total value of all goods and services produced over a specific time period within a country's borders.

GNP

Gross National Product, the total value of all goods and services produced by the residents of a country within a specific time period, including income earned abroad.

Titanium

A strong, light, corrosion-resistant metal with the highest strength-to-density ratio of any metallic element.