Asked by
Tracy Guastavino
on Nov 12, 2024Verified
Workers are less productive in poor countries because:
A) the wealthy minority invests in stable foreign economies.
B) the government invests in stocks and bonds.
C) more than half of the population consists of people above 65 years of age.
D) they prefer leisure over work.
E) the government provides for unemployment benefits that make workers less willing to work.
Productive
The ability of an individual, company, or economy to produce goods or services efficiently.
Foreign Economies
Pertains to the economic systems and conditions of countries other than one's own, including their markets, resources, and economic policies.
Unemployment Benefits
Payments made by the government or other authorized bodies to unemployed individuals who meet certain eligibility criteria.
- Gain insight into the determinants of labor output.
Verified Answer
MC
Learning Objectives
- Gain insight into the determinants of labor output.