Which of the Following Would Occur If Labor Productivity in the UK

question 21

Multiple Choice

Which of the following would occur if labor productivity in the UK increased relative to that in the US,and before this increase the dollar was in an exchange rate equilibrium with the sterling?

• A)The United States will now demand fewer imports
• B)The United States will now demand more pounds
• C)The UK will supply more pounds to the US.
• D)The UK will supply more pounds to the US

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Definitions:

Social Capital

Family and community resources on which a person can draw.

After-School Child Care

Refers to programs and services provided to children after school hours, offering supervision and activities.

Tutoring

The act of providing individual guidance, assistance, or instruction to a student or learner in specific subjects or skills.

Arithmetic

The branch of mathematics dealing with the properties and manipulation of numbers.