Labor productivity in the United States has:
a. been growing at ever-increasing rates since World War II
b. been growing but at lower rates in the last 25 years compared to the 25 years immediately after World War II.
c. been falling for the last 50 years.
d. remained largely unchanged over the last 50 years.
e. been growing more rapidly in the last 50 years than in most other developed economies.
b
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The figure above shows how the relationship between the number of hours per week a high school student spends on the web and the student's SAT score
Is the relationship between hours on the web and the SAT score positive, negative, neither? Explain your answer.
Which of the following has been offered as a possible explanation to the evidence that the exchange-rate pass-through effect to import prices has been declining in developed economies?
A) That foreign exporters have been increasingly adopting "pricing-to-market" policies. B) That transaction costs have decreased in recent years. C) That global leaders have encouraged this phenomenon. D) That the share of imports with prices more sensitive to exchange rates has been increasing.