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

question 8

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 US will now demand fewer pounds
• C)The UK will supply more pounds to the US
• D)The US will now demand more pounds

---

Definitions:

Retinal Images

The visual images formed on the retina of the eye, resulting from light rays reflecting off objects and entering the eye.

Perceived

Interpreted or understood in a particular way by an individual, often based on sensory input and personal experience.

Size Constancy

The perception of an object as having a constant size, despite changes in the distance from which it is viewed.

Retinal Image

The image projected on the retina, the light-sensitive layer at the back of the eye, which is crucial for visual perception.