US are experiencing a productivity growth. When comparing to other countries with lower productivity growth, we expect to see

a. Its exchange rate appreciating
b. Its exchange rate depreciating
c. It has no effect on the US exchange rate
d. None of the above

a

Economics

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If labor is the only variable input, an increase in the quantity of labor:

a. does not have any effect on the quantity of output. b. causes the output to increase initially at a diminishing rate and then at an increasing rate. c. causes the output to increase at a constant rate till the last worker is hired. d. causes the output to increase initially at an increasing rate and then at a decreasing rate. e. causes the output to decrease at a constant rate till the last worker is hired.

Economics

Injunctions are good remedies for problems where damage has already occurred.

Answer the following statement true (T) or false (F)

Economics