For given inputs of labor and capital, if technology is more primitive, labor productivity will be
a. higher.
b. lower.
c. unchanged.
d. characterized by increasing returns to scale.
b
Economics
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The U.S. poverty rate is higher among households headed by black married couples than those headed by white females
a. True b. False
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Which of the following would both raise the U.S. exchange rate?
a. capital flight from other countries to the U.S. occurs and the U.S. moves from budget surplus to budget deficit b. capital flight from other countries to the U.S. occurs and the U.S. moves from budget deficit to budget surplus c. capital flight from the U.S. to other countries occurs, the U.S. moves from budget surplus to budget deficit d. capital flight from U.S. to other countries occurs, the U.S. moves from budget deficit to budget surplus
Economics