According to Economic Reasoning, If Labor Productivity Increases by 3

question 44

Multiple Choice

According to economic reasoning, if labor productivity increases by 3 percent per year,

• A)the number of jobs should increase by 3 percent per year.
• B)the real wage should increase by 3 percent per year.
• C)the price level should increase by 3 percent per year.
• D)the price level should decrease by 3 percent per year.
• E)nominal wages should increase by 3 percent per year.

Account for foreign exchange implications on international transactions.

Distinguish between the accounting treatments for trading securities, available-for-sale securities, and held-to-maturity debt securities.

Understand the impact of sample size and sample diversity on the reliability of point estimates.

Identify various sampling methods and their appropriate applications.