In a Two-Country World,an Increase in Foreign Input Prices,ceteris Paribus

question 119

Multiple Choice

In a two-country world,an increase in foreign input prices,ceteris paribus,

• A) shifts the SRAS curve leftward,causing the price level to increase.
• B) shifts the SRAS curve leftward,causing the price level to decrease.
• C) shifts the SRAS curve rightward,causing the price level to increase.
• D) shifts the SRAS curve rightward,causing the price level to decrease.
• E) does not affect the SRAS curve or the price level.

---

Definitions:

Labour Hour

A unit of measure representing an hour of work performed by an employee, used for calculating labor costs or productivity.

Assembly Line

A process in manufacturing where parts are sequentially incorporated into a product to efficiently complete it.

Multifactor Productivity

A measure of the efficiency of all inputs used in the production process, including labor, capital, and materials.

Quality Complaints

Feedback from customers or users indicating dissatisfaction with a product's or service's quality, which can inform improvements.