If extraction technology continues to improve over time,
A) the price of crude oil can continue to fall or stay steady.
B) the price of crude oil will increase despite any attempts to stem demand.
C) the price of crude oil will only fall if sufficient government taxation is implemented.
D) the price of crude oil will only fall if sufficient demand declines are arranged.
A
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Which of the following is likely to be true of the nominal and the real exchange rates in the short run and in the long run, if prices in two countries do not respond to exchange rate changes?
A) The real exchange rate and the nominal exchange rate between the currencies move proportionally in both the short run and the long run. B) The real exchange rate and the nominal exchange rate between the currencies move proportionally in the short run but not in the long run. C) The real exchange rate and the nominal exchange rate between the currencies remain constant. D) The real exchange rate and the nominal exchange rate between the currencies move proportionally in the long run but not in the short run.
Which of the following statements is correct?
a. Productivity is a determinant of human capital per worker. b. Technological knowledge is a determinant of productivity. c. Human capital and technological knowledge are the same thing. d. All of the above are correct.