An Increase in Productivity Will Cause Which of the Following

question 30

Multiple Choice

An increase in productivity will cause which of the following according to the price-setting behavior of firms?

• A)a reduction in prices set by firms
• B)an increase in the real wage paid by firms
• C)a reduction in the markup set by firms
• D)all of the above
• E) none of the above

Recognize the significance of opportunity cost in trade decisions.

Differentiate between absolute and comparative advantages in international trade.

Analyze the impact of trade policies on national economies.

Understand the role of exchange rates and balance of trade in international economics.

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Definitions:

Children Of Divorce

Individuals who experience the separation of their parents, which can affect their emotional, social, and academic development.

Good Grades

Marks awarded in educational settings that signify above-average performance or comprehension of subject matter.

Drug Abuse

The misuse of drugs or substances, leading to potentially dangerous effects on the user's health, social relations, and responsibilities.

Employed Women

Women who are engaged in paid work, either as employees, entrepreneurs, or in other income-generating activities.