Illegal immigrants pay social security tax. Therefore, they receive social security benefits on retirement
a. True
b. False
Indicate whether the statement is true or false
False
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Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC), the marginal cost (MC), and the marginal social benefit (MSB) for each level of output (Q)
Q MSC MC MSB 1 3 2 11 2 6 4 10 3 9 6 9 4 12 8 8 5 15 10 7 6 18 12 6 The inefficient market quantity is ________ and the efficient market quantity is ________. A) 4; 3 B) 6; 3 C) 3; 4 D) 4; 6
The term tax incidence refers to how the burden of a tax is distributed among the various people who make up the economy
a. True b. False Indicate whether the statement is true or false
A government can finance its budget deficit by doing all of the following except:
A. selling bonds. B. buying bonds. C. borrowing from its central bank. D. printing money.
Refer to the given diagram and assumptions. If migration is costless and unimpeded:
Assumptions: (1) The demand for labor in Alphania and Betania are as shown by D A and D B ,respectively; (2) Alphania's native labor force is F and that of Betania is g; (3) wage L in Alphania is equal to wage m in Betania; and (4) full employment exists in both countries.
A. migration will cause the average level of wages to fall in Alphania.
B. no migration will occur.
C. fg workers will move from Betania to Alphania.
D. GF workers will move from Alphania to Betania.