An increase in productivity in a country will cause its currency to ________ because it can produce goods at a ________ price, everything else held constant
A) depreciate; lower
B) appreciate; lower
C) depreciate; higher
D) appreciate; higher
B
Economics
You might also like to view...
The cost of producing an additional unit of a good or service that falls on people other than the producer is
A) the marginal cost. B) represented by the demand curve. C) represented by the supply curve. D) the marginal external cost. E) the marginal social cost.
Economics
The LM curve
A) is horizontal. B) is vertical. C) slopes downward. D) slopes upward.
Economics
A state tax assessed specifically on cigarettes is an example of
A) an excise tax. B) a consumption tax. C) a social tax. D) a tariff.
Economics
A good economic theory brings clarity to chaos
a. True b. False
Economics