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.
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.
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 8P
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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.
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