Which of the following best describes the relationship


Which of the following best describes the relationship between productivity and standard of living?

A. Productivity only increases revenue to investors, while general well-being is not affected.

B. A country's standard of living and its productivity are closely related.

C. International trade makes a country's productivity irrelevant.

D. A rich country can enjoy a high standard of living without the need for high productivity.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Which of the following best describes the relationship
Reference No:- TGS01302951

Expected delivery within 24 Hours