Choose the Correct Statements

question 117

Multiple Choice

Choose the correct statements. 1.The exchange rate is the value of the Canadian dollar expressed in units of foreign currency per Canadian doll
2.The real exchange rate is the relative price of Canadian- produced goods and services to foreign- produced goo and services.
3.The exchange rate is a measure of the quantity of the real GDP of other countries that a unit of Canadian real G buys.
4.The exchange rate is the relative price of Canadian- produced goods and services to foreign- produced goods a services.

• A)Statements 1 and 3 are correct.
• B)Statements 3 and 4 are correct.
• C)Statements 2 and 4 are correct.
• D)Statements 1 and 2 are correct.
• E)Statements 2 and 3 are correct.

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Definitions:

Human Capital

The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Human Capital Theory

A concept in economics that views employees' skills and knowledge as a form of capital that can be invested in for returns.

Generic Human Capital

Skills and knowledge that are not specific to a particular job or company but can be applied broadly across various industries and roles.

Firm-specific Human Capital

The unique skills and knowledge that employees develop, which are valuable and applicable specifically to the organization they work for.