Author Question: GDP per capita in China is lower than it is in the United States. This means that _____. a. China ... (Read 100 times)

@Brianna17 · **on:** Jul 8, 2018

GDP per capita in China is lower than it is in the United States. This means that _____.

a. China has a smaller economy than the United States
b. China has a lower standard of living than the United States
c. China's workforce is less productive than the U.S. workforce
d. the Chinese government takes a lower share of its worker's earnings than the U.S. government

Question 2

Two people are most likely to engage in bartering when _____.

a. there is an extreme scarcity of goods, and each of them possesses only the barest of necessities
b. the supply of goods that they possess is high across society, and demand for those goods is low
c. they both make relatively low wages, and they live in a place where goods and services are expensive
d. each of them provides a service that the other needs, and the two services are roughly equivalent in value