The Term Liquid Modernity Refers To

question 46

Multiple Choice

The term liquid modernity refers to:

• A)the uncertainty of life in the twenty-first century.
• B)rapid advances made in medical science toward the end of the twentieth century.
• C)the relative free flow of people,money,and ideas around the world.
• D)paintings by Salvador Dali and the surrealist school.
• E)monetary policy set by the World Bank to allow currency values to float relative to each other.

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Definitions:

Productivity

Productivity measures the efficiency of production in terms of the amount of output produced per unit of input used.

Economy's Productivity

A measure of how efficiently goods and services are produced within an economy, typically quantified as output per unit of labor input.

Determinants

Factors or variables that cause changes in an economic model's behavior or outcomes.

Standards Of Living

The degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.