Non-neutral technological change is more valuable to labor than neutral technological change
Indicate whether the statement is true or false
True . Neutral technological change leaves the proportion in which inputs are used (for example, the labor/capital ratio) unchanged, but non-neutral technological changes are innovations that alter the labor/capital ratio. The labor/capital ratio used to produce a given level of output falls after non-neutral technological change. Therefore, non-neutral technological change is more valuable to labor than neutral technological change.
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Goods produced in the U.S. are made more competitively priced when
a. the dollar appreciates. b. the dollar depreciates. c. the exchange rate is fixed. d. the money supply is decreased.
If the dollar appreciates, American consumers will buy more foreign goods and services
a. True b. False Indicate whether the statement is true or false