Current account transactions are all payments that are related to the purchase or sale of

Suppose the stock of capital remains constant. By adding more labor, perhaps a second work shift, output

A) remains the same. B) decreases. C) increases. D) becomes more costly.

If the ratio of the dollar price of a U.S. toy to the dollar price of a Chinese toy is less than one:

A) retailers in the U.S. should buy the toys from both Chinese suppliers and American suppliers. B) retailers in the U.S. should not buy the toys from both Chinese suppliers and American suppliers. C) retailers in the U.S. should buy the toys from Chinese suppliers. D) retailers in the U.S. should buy the toys from American suppliers.