Suppose losses cause industry Z to contract, and as a result, the prices of inputs used intensively in the industry's production process fall. We know, as a result, that industry Z is:
a. an increasing cost industry

Education increases the stock of which factor of production?

A) physical capital B) human capital C) land D) entrepreneurship

If inflation in country A exceeds inflation in country B, purchasing power parity implies that:

A. the inflation rate in country B will rise to match the inflation rate in country A. B. the inflation rate in country A will fall to match the inflation rate in country B. C. the currency of country A will depreciate relative to the currency of country B. D. the currency of country B should depreciate relative to the currency of country A.