Answer the following statements true (T) or false (F)
1) U.S. immigrants (legal and illegal combined) have lower prison rates than the native-born
population.
2) Illegal immigration has little effect on the average level of wages in the United States.
3) Economic theory suggests that immigration should be allowed into a country until the marginal
benefit of the last immigrant is zero.
4) The optimal level of immigration occurs where marginal benefit is at its greatest.
1) T
2) T
3) F
4) F
You might also like to view...
Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
The demand curve is the same as another curve. Which curve is the same as the demand curve? Why are the curves the same?
What will be an ideal response?
Efficiency is illustrated by
a. both the production possibilities frontier and the circular-flow diagram. b. neither the production possibilities frontier nor the circular-flow diagram. c. the production possibilities frontier only. d. the circular-flow diagram only.
Which of the following statements is true about patents and copyrights? (i) They have benefits and costs. (ii) They lead to higher prices. (iii) They enhance the ability of monopolists to earn above-average profits
a. (i) and (ii) only b. (ii) and (iii) only c. (ii) only d. (i), (ii), and (iii)