Many economists are in favor of increased immigration of adult foreigners who possess high levels of skills and education. Why?
a. Economists are very caring individuals.
b. Economists believe this is a way to increase understanding among different ethnic groups.
c. Economists believe foreigners will work cheaper.
d. Economists believe this will increase aggregate supply.
d
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If the government decreases the income tax rate, then:
A. GDP will decrease. B. aggregate demand will shift left. C. aggregate demand will shift right. D. aggregate supply curve with shift to the right.
Under what condition are profits maximized?
A) at the rate of output at which marginal revenue equals marginal cost B) at the output rate where marginal cost is greater than marginal revenue C) at the point at which the difference between total revenues and total costs is negative D) at the point at which the difference between price and quantity demanded is greatest
A detailed history of business cycles is known as a
A. business cycle chronology. B. trend analysis. C. Hodrick-Prescott filter. D. historical decomposition.
Mamihlapinatapai is a one-word summary of the volunteer's dilemma from
A) Buddhist monks in Thailand. B) ancient Hawaii. C) the Maasai tribe of Tanzania. D) the Yaghan Indians.