A productivity improvement will cause
A. a downward shift in the saving-per-worker curve and a decrease in the capital-labor ratio.
B. a leftward movement along the saving-per-worker curve and a decrease in the capital-labor ratio.
C. a rightward movement along the saving-per-worker curve and an increase in the capital-labor ratio.
D. an upward shift in the saving-per-worker curve and an increase in the capital-labor ratio.
Answer: D
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Indicate whether the statement is true or false
Legislation considered by Congress to restrict legal immigration would:
a. have little effect on medical markets since so few physicians practicing medicine in the U.S. are foreigners. b. raise the costs of operating in many of the nation's rural and inner-city hospitals. c. allow more Americans trained abroad to compete for openings in U.S. residency programs. d. surprise many policy makers because Congress finds it difficult to agree on much of anything regarding immigration. e. improve employment prospects for native-born Americans.
The discovery of a new source of oil will lead to:
A. increased demand for domestic currency; depreciation of the currency. B. increased demand for domestic currency; appreciation of the currency. C. increased demand for a foreign currency; appreciation of the currency. D. decreased demand for domestic currency; appreciation of the currency.
Refer to the graph shown. An exchange rate of $2.40 per dinar creates excess:
A. demand for dinar that will cause the dinar to lose value, unless dinar are sold by the government. B. demand for dinar that will cause the dinar to gain value, unless dinar are sold by the government. C. supply of dinar that will cause the dinar to lose value, unless dinar are bought by the government. D. demand for dinar that will cause the dinar to gain value, unless dinar are bought by the government.