If the Average Productivity of Canadian Firms Is Rising More

question 192

Multiple Choice

If the average productivity of Canadian firms is rising more quickly than the average productivity of Indian firms, which of the following would you expect to see? (India's currency is the rupee.)

• A)an increase in the value of the rupee relative to the dollar
• B)a decrease in the prices of Indian products
• C)a decrease in the quantity demanded of Indian products relative to Canadian products
• D)an increase in the quantity demanded of Indian products relative to Canadian products
• E)a drop in Canadian net exports

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Definitions:

Chronicity

The characteristic of being long-lasting or persistent, especially in relation to diseases or medical conditions.

Depression

A common mental disorder characterized by persistent sadness, lack of interest or pleasure in activities, and an overwhelming sense of despair.

Maladaptive Attitudes

Unhelpful or dysfunctional beliefs that negatively influence one's behavior and emotional well-being, often contributing to psychological distress.

Aaron Beck

An influential American psychiatrist known for developing cognitive therapy, particularly for depression.