Ask Question
BusinessBusiness
2 January, 10:53

A nation's standard of living is determined by

a. the quantity of natural resources with which it is endowed.

b. factors and events that are beyond the nation's control.

c. the percentage of its gdp that is accounted for by government purchases.

d. the productivity of its workers

+4
Answers (2)
  1. 2 January, 12:32
    0
    I would say that a nation's standard of living would depend primarily on the richness of its natural resources and also the productivity of its workers. If there are abundant valuable minerals and trees and fossil fuels and rich agricultural land, and its farmers and miners and loggers are hard working and productive then those are the prime reasons for a nation to have a high standard of living.
  2. 2 January, 14:43
    0
    Choice (d) is the most correct. Productivity of the population and how much can be made (or served) is the biggest driver of standards of living. The more a country can output (and therefore, afford to bring in), the higher the overall standards will be.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A nation's standard of living is determined by a. the quantity of natural resources with which it is endowed. b. factors and events that ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Hi-Tek is a young start-up company. No dividends will be paid on the stock over the next 9 years, because the firm needs to plow back its earnings to fuel growth.
Answers (2)
Describe the key risks and return associated with investing? What
Answers (1)
Travel by bus and pawn-shop services would be expected to be examples of
Answers (2)
C7-Proprietary funds are accounted for in a manner similar to investor-owned businesses; among other features, the accrual basis of accounting is used and all of the capital assets used in fund operations are accounted for by the using fund.
Answers (1)
Which of these statements is true? A. after submitting an application ro a potential employer you will never get the job B. after submitting an application to a potential employer you will always get the job. C.
Answers (1)
New Questions in Business
One benefit to a farmer using crops modified with herbicide resistance is that: select one: a. reduced biodiversity always lowers the crop's susceptibility to disease. b. seeds are cheaper than conventional hybrids and can be saved every year. c.
Answers (1)
Mrp works best if the inventory items have dependent demand. True or false?
Answers (1)
Stock dividends Select one: a. Have the same effects on financial statements as cash dividends. b. Are similar to stock splits in that they do not change the fundamental position of current shareholders. c. Must be accompanied by cash dividends. d.
Answers (1)
What is the current u. s. population? what is the current world population? considering those numbers, do you think the united states is in a population crisis? do we have enough land and resources to support a continuous increase in population?
Answers (1)
Distinguish between individual and market demand for a commodity
Answers (1)
Home » Business » A nation's standard of living is determined by a. the quantity of natural resources with which it is endowed. b. factors and events that are beyond the nation's control. c. the percentage of its gdp that is accounted for by government purchases. d.
Sign Up Forgot Password?