For every 1 percent increase in the stock of research and development in the United? States, productivity in the rest of the world
What will be an ideal response?
increases by about 0.25 percent.
You might also like to view...
Laws that are used to prevent firms from colluding and setting high prices are called
A) anti-trust laws. B) price ceiling laws. C) anti-cartel laws. D) anti-competition policies.
In a country with a working-age population of 22 million, 16 million are employed, 2 million are unemployed, and 1 million of the employed are working part-time, half of whom wish to work full-time. The unemployment rate is
A) 15.4 percent. B) 10 percent. C) 10.3 percent. D) 11.1 percent. E) none of the above.
_____ income has been adjusted for changes in prices over time
Fill in the blank(s) with the appropriate word(s).
Suppose the Chinese central bank wants to keep the exchange rate of its currency value constant over time. An increase in the demand for Chinese goods by American residents will lead the Chinese central bank to
A) coordinate with the U.S. central bank in order to increase the supply of the U.S. dollar in the foreign exchange market. B) increase the demand for the Chinese currency in the foreign exchange market. C) use its dollar reserves to buy the Chinese currency in the foreign exchange market. D) sell the Chinese currency in exchange for U.S. dollars in the foreign exchange market.