In which of the following regions would you most expect to see labor-intensive production?
a. Japan
b. Western Europe
c. southeast Asia
d. the United States
c. southeast Asia
You might also like to view...
The aggregate demand curve is downward sloping for all of the following reasons EXCEPT for the:
A. effect of inflation on the value of money. B. impact of inflation on the consumer price index (CPI). C. response of the Fed to inflation through its policy reaction function. D. distributional impact of inflation on spending.
If a firm finds that the wage rate (W) is less than the value of marginal product (VMP), then to maximize its profit the firm should hire
A) less labor, which will increase the VMP. B) more labor, which will decrease the VMP. C) no more or less labor, because profits are greatest when W < VMP. D) more labor, because hiring more labor will increase both W and VMP until they are equal.
If UIP holds and if the home currency is expected to depreciate, then:
a. the home interest rate must be greater than the foreign interest rate. b. interest rates cannot be changing. c. the home interest rate must be less than the foreign interest rate. d. Not enough information is provided to answer the question
When exchange rates are limited to small fluctuations, but not totally fixed, economists refer to the situation as:
a. essentially fixed. b. essentially floating. c. relatively floating. d. intermediate regimes.