Multiple Choice
The Australian economy experienced a faster increase in productivity between 1995 and 2008 compared to most other leading industrial economies in the G7. Which of the following helps to explain this?
A) Australian unions imposed stricter work rules as compared to unions in the G7.
B) Australian government regulations impose stricter work rules as compared to government regulations in the G7.
C) Australian labour markets were more flexible than labour markets in many other industrial countries.
D) Australian workers could obtain unemployment benefit payments for a longer period of time as compared to the G7 countries.
Correct Answer:
Verified
Correct Answer:
Verified
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