Other things equal:
A. Workers with higher levels of human capital will tend to migrate to countries providing greater wage opportunities
B. Workers with lower levels of human capital will tend to migrate to countries providing greater wage opportunities
C. Smaller wage differences between countries will tend to increase the flow of immigration between countries
D. Workers with higher levels of human capital will migrate to higher-wage countries regardless of the distance between countries
A. Workers with higher levels of human capital will tend to migrate to countries providing greater wage opportunities
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A firm is defined in Economics as
a. a corporation that creates demand for the goods it produces. b. an entity that produces and sells goods that individuals demand. c. an individual or group of individuals providing public services at no charge. d. any group of individuals seeking to increase their income.
Use the figure below to answer the following question.
What is the amount of total surplus (for society) after the government imposes the excise tax on the market?
A. $32 B. $96 C. $100 D. $64
The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only on U.S.-made goods, effectively acting as a quota of zero imports when stimulus money was being spent
The "Buy American" provision would ________ consumer surplus and ________ producer surplus for industries that produced protected products in the United States. A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
The unemployment rate is the ratio of the number of people
A. employed to the number of people in the labor force. B. unemployed to the number of people in the labor force. C. in the labor force to the number of people employed. D. unemployed to the number of people employed.