The main reason that some nations have higheraverage living standards than others is thata. the richer nations have exploited thepoorer ones.b. the central banks of some nations have createdmore money.c. some nations have stronger laws protectingworker rights.d. some nations have higher levels of productivity.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 8P
icon
Related questions
Question

The main reason that some nations have higher
average living standards than others is that
a. the richer nations have exploited the
poorer ones.
b. the central banks of some nations have created
more money.
c. some nations have stronger laws protecting
worker rights.
d. some nations have higher levels of productivity.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Labor and Environmental Standards
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax