The amount earned by the tertiary laborer is determined by labor productivity in the primary and secondary sectors of the U.S. economy
Indicate whether the statement is true or false
True
You might also like to view...
It's impossible to sustain economic growth or development in the absence of:
A. income equality. B. improvements in education. C. membership to world organizations, like the United Nations. D. a rule of law.
Which of the following is associated with a contractionary monetary policy?
A) raising bond prices B) selling bonds C) lowering the required reserve ratio D) lowering the differential between the discount rate and the federal funds rate
How does an increase in the price of laptop memory chips affect the market of laptops?
a. The demand curve for laptops to shift to the right b. The demand curve for laptops to shift to the left c. The supply curve for laptops to shift to the right d. The supply curve for laptops to shift to the left
Which of the following statements is incorrect?
A. Any central bank policy that influences the domestic interest rate will affect the exchange rate. B. A foreign exchange intervention affects the value of a country's currency by changing domestic interest rates. C. Higher U.S. interest rates would likely result in an appreciation of the U.S. dollar. D. Sterilized changes in foreign exchange reserves alter a country's monetary base.