Which statement is TRUE?
A) Low productivity and low pay go together.
B) High productivity and low pay go together.
C) Low productivity and high pay go together.
D) The most productive countries are those with the lowest per capita incomes.

Question

Quizplus · Accepted Answer

This statement is true based on economic theory and empirical evidence. Low productivity usually leads to lower revenues and profits for companies, which then results in lower wages for workers. On the other hand, high productivity can lead to higher profits and wages, although this is not always the case. Furthermore, many factors can affect wages, such as market competition and government policies, but productivity is often a key determinant.

Which Statement Is TRUE