Question 12 2 pts According to Edward Lazear, chair of the President's Council of Economic Advisers, productivity growth is most important because O higher productivity growth means that companies can pay higher wages. O higher productivity growth means that technology will replace most unwanted workers. O this is the only way to combat the current globalization trend. O All of the above O None of the above Question 13 2 pts Which of the following is the best definition of the exchange rate? The price at which the government translates the currency of another country The price at which imports are traded for imports in the stock exchange The price of one currency in terms of another in the foreign exchange market O None of these