According to the late Julian Simon
A) legal immigrants have a favorable impact on the welfare of American citizens, but illegal immigrants have a negative impact. However, the positive effect of the legal immigrants is stronger than the negative impact of the illegal immigrants.
B) legal immigrants have a favorable impact on the welfare of American citizens, but illegal immigrants have a negative impact that almost exactly offsets the positive effect of the legal immigrants.
C) legal and illegal immigrants have a positive effect on the welfare of American citizens.
D) legal and illegal immigrants have a negative effect on the welfare of American citizens.
C
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Which of the following statements is correct?
a. A high-risk person is more likely to apply for insurance than a low-risk person because a high-risk person would benefit more from insurance protection. b. A low-risk person is more likely to apply for insurance than a high-risk person because a low-risk person would benefit more from insurance protection. c. Insurance companies can fully guard against the problem of adverse selection, but they cannot fully guard against the problem of moral hazard. d. Insurance companies can fully guard against the problem of moral hazard, but they cannot fully guard against the problem of adverse selection.
Regulatory capital is the amount of capital financial institutions should hold based on the riskiness of their different assets
Indicate whether the statement is true or false
The AS/AD model with sticky prices predicts that, in the long run, a reduction of the money supply results in:
a. lower prices and lower output. b. no change in prices and lower output. c. lower prices and no change in output. d. no change in prices or output.
For this question, assume that the economy is initially operating at the natural level of output. An increase in the price of oil will cause which of the following in the medium run?
A) a reduction in the interest rate B) a reduction in output and an increase in the aggregate price level C) a reduction in output and a reduction in the interest rate D) a reduction in unemployment, an increase in the nominal wage and an increase in the aggregate price level E) a reduction in the aggregate price level and no change in output