Why is recent immigration a vital contributor to the American economy?
What will be an ideal response?
Recent immigration is a vital contributor to the American economy because the arrival of skilled migrants enriches the scientific and academic communities of the United States of America, increases the technical capabilities of U.S. firms and boosts the supply of health-care providers. In addition, skilled migrants contribute more in taxes than they absorb in government services.
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If Callum is consuming his utility maximizing bundle and the price of one good rises, what happens to the marginal utility per dollar spent on this good (MU/P), and what should Callum do?
A) MU/P has increased and Callum should buy less of this good. B) MU/P has decreased and Callum should buy less of this good. C) MU/P has increased and Callum should buy more of this good. D) MU/P has decreased and Callum should buy more of this good.
Tom & Jerry are running Hanna Barbera's lemonade stand as two profit centers. Tom makes the lemonade while Jerry sells it. Jerry argues that Tom is transferring the lemonade to him priced too high, which forces him to charge the customers a high price, losing sales. What could be a profitable solution to this transfer-pricing problem?
a. Move the decision making to Hanna Barbera b. Turn Tom's division into a cost center c. Base Tom's reward on the company profits d. Base Jerry's reward on the company profits
Which of the following identifies a major force that can intensify an international financial crisis?
A. Dispute settlement procedures at the International Monetary Fund B. Global contagion C. Current account convertibility D. A persistent negative output gap
Which of the following functions of government gives property owners the incentive to use their property efficiently?
A. making sure that courts are lenient on people who steal private property B. the enforcement of antitrust legislation C. the protection of property rights D. the financing of public goods