Question: Question 3 (0.5 points) Suppose a typical worker in India can produce 32 units of product in an eight-hour day, while a typical worker in
Question 3 (0.5 points) Suppose a typical worker in India can produce 32 units of product in an eight-hour day, while a typical worker in Bangladesh can produce 30 units of product in a 10-hour day. We can conclude that a) productivity is 4 units per hour for the worker in Bangladesh and 3 units per hour for the worker in India, b) worker productivity in Bangladesh is higher than in India. c) the standard of living will likely be higher in India than in Bangladesh. d) there will be no difference between the standard of living in India and Bangladesh. Question 4 (0.5 points) Which of the following claims is consistent with the views of mainstream economists? a) If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will temporarily rise. b) If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will temporarily fall. C) If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will
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