If a Country Has High Productivity,it Can Expect

question 19

Multiple Choice

If a country has high productivity,it can expect:

• A)high demand for its goods and high demand for the foreign currency most often used to purchase its goods.
• B)level demand for its goods,but high demand for its currency.
• C)level demand for its goods,and high demand for the foreign currency most often used to purchase its goods.
• D)high demand for the goods it produces and high demand for its currency.

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Definitions:

Lemuel Boulware

Was a corporate executive known for his strategy of dealing with unions and employees, which involved offering what he considered fair increases in wages and benefits up front, thus limiting negotiations.

Refusal

The act of declining to accept or comply with something such as an offer, proposal, or instruction.

Unilateral Change

Actions taken by an employer to alter conditions of employment (such as wages, hours, or terms) without consent or negotiation with the labor union.

Labor Market Trends

Observations and predictions concerning the changing dynamics of the workforce and employment opportunities.