We can safely say that total output can increase if there is a(n)
A. increase in the number of machines per worker.
B. decrease in the number of workers per machine.
C. increase in the size of the labor force and a decrease in the productivity of workers.
D. decrease in the size of capital and an increase in the productivity of machines.
Answer: A
Economics
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____________are generally associated with labor and raw materials.
Fill in the blank(s) with the appropriate word(s).
Economics
Suppose that U.S. inflation is 3 percent and Turkish inflation is 70 percent. The effect of this discrepancy on the foreign exchange market is that
A) the Turkish currency will depreciate. B) the dollar will depreciate. C) it is impossible for interest rate parity to hold. D) the Turkish currency will appreciate.
Economics