Real wages usually lag behind the increases in labor productivity

U.S. net exports include

A) sales of Hollywood movies to the rest of the world. B) the production of Ford Mustangs in China that are sold in China. C) Honda automobiles produced and sold in Japan. D) the sale of shares of Nike stock on the New York Stock Exchange. E) the sale of U.S. government securities to U.S. citizens.

When the value of a currency is determined mostly by demand and supply, but with occasional government intervention, the exchange rate system is defined as

A) floating. B) fixed. C) Bretton Woods. D) managed float.