Due to the increase in the productivity of Omanis in the technology sector, the rate of exports of technological services has increased. How will this affect the value of the Omani Rial and the US dollar? a. Stronger rial and weaker dollar b. weaker rial and stronger dollar C. both currencies will increase in value d. the increase will be cancelled out by each other

Due to the increase in the productivity of Omanis in the technology sector, the rate of exports of technological services has increased. How will this affect the value of the Omani Rial and the US dollar? a. Stronger rial and weaker dollar b. weaker rial and stronger dollar C. both currencies will increase in value d. the increase will be cancelled out by each other

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Due to the increase in the productivity of
Omanis in the technology sector, the rate
of exports of technological services has
increased. How will this affect the value
of the Omani Rial and the US dollar?
a.
Stronger rial and weaker dollar
b.
weaker rial and stronger dollar
С.
both currencies will increase in value
d.
the increase will be cancelled out by
each other

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