Select one: O a. natural resources, capital, land area, and population size. O b. population size, technology, and productivity. O c. culture, location, education, and work ethic. O d. skills, physical capital, technology, and institutions. O e. political system, natural resources, and unselfish businesses

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 11P
icon
Related questions
Question
Differences amongst countries in their standard of living can be attributed to differences in
Select one:
O a. natural resources, capital, land area, and population size.
Ob.
O b. population size, technology, and productivity.
Oc. culture, location, education, and work ethic.
Od.
O d. skills, physical capital, technology, and institutions.
O e. political system, natural resources, and unselfish businesses.
Oe.
Transcribed Image Text:Differences amongst countries in their standard of living can be attributed to differences in Select one: O a. natural resources, capital, land area, and population size. Ob. O b. population size, technology, and productivity. Oc. culture, location, education, and work ethic. Od. O d. skills, physical capital, technology, and institutions. O e. political system, natural resources, and unselfish businesses. Oe.
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Herfindahl - Hirschman Index
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
ECON MACRO
ECON MACRO
Economics
ISBN:
9781337000529
Author:
William A. McEachern
Publisher:
Cengage Learning