Appreciation of the dollar means that now it takes more dollars to buy one unit of foreign currency

Wages paid to teachers, police personnel, and postal workers are not transfer payments because they are payments for services and not simply "transfers" of money

Indicate whether the statement is true or false

A problem with measuring the factor shares to determine scarcity or abundance is that:

a. it is very hard to count workers in some nations. b. estimates are very unreliable. c. the quantity of a factor may not be as important as its productivity. d. scientists disagree over the method by which to compute "share.