In which phase of the business cycle will the economy most likely experience rising real output and falling unemployment rates?

A U.S. bakery buys wheat from Canada and pays for it with US dollars. This transaction

a. increases Canadian net exports, and increases U.S. net capital outflow. b. increases Canadian net exports, and decreases U.S. net capital outflow. c. decreases Canadian net exports, and increases U.S. net capital outflow. d. decreases Canadian net exports, and decreases U.S. net capital outflow.

In the agriculture sectors in the Global South, productivity tends to be ________ because farmers work with ________.

A. high; large amounts of capital B. low; little labor C. high; large amounts of labor D. low; little capital