Which of the Following Statements Is Correct

question 286

Multiple Choice

Which of the following statements is correct?

• A)Neither economic theory nor evidence from the U.S. economy suggests that there is a close link between productivity and real wages.
• B)Economic theory suggests that there is a close link between productivity and real wages, but evidence from the U.S. economy fails to confirm that link.
• C)Evidence from the U.S. economy suggests a close link between productivity and real wages, but economic theory provides no basis for such a link.
• D)Both economic theory and evidence from the U.S. economy suggest that there is a close link between productivity and real wages.

---

Definitions:

Quality Improvement

The ongoing effort to enhance products, services, or processes through incremental improvements or breakthrough achievements, aiming for enhanced customer satisfaction and operational efficiency.

Entire Economy

Refers to the comprehensive system encompassing all economic activities and interactions within a country, including production, consumption, and trade of goods and services.

Deming

Deming is best known for his work in quality management and continuous improvement, with his principles significantly influencing manufacturing and service industries worldwide.

Scatter Diagram

A graph used in statistics to visually display and compare two variables for a set of data, helping to identify the type of relationship between them.