Which of the Following Best Explains Why Productivity Growth in the United

question 53

Multiple Choice

Which of the following best explains why productivity growth in the United States has been faster than in other leading industrialized nations?

• A)There are fewer government regulations in the United States regarding the way firms can hire and fire workers.
• B)The financial systems of foreign countries are generally more efficient than those in the United States.
• C)European countries have more flexible policies regarding the number of hours employees are permitted to work.
• D)Job mobility in the United States is more restricted than it is in many foreign countries.

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Definitions:

Single Life Annuity

An insurance product that provides a retiree with regular payments for the rest of their life, with no survivor benefits after their death.

Tax-Free Amount

The portion of income or a financial distribution that is not subject to taxation by authorities.

Roth IRA

An individual retirement account allowing post-tax contributions with the benefit of tax-free withdrawals under certain conditions.

Withdrawal Requirements

Mandatory rules governing the minimum amounts that must be withdrawn from retirement accounts after reaching a certain age.