The Immigration Reform and Control Act of 1986:
A. Increased fines on employers who hire illegal immigrants
B. Boosted funding for fencing, monitoring, and policing the U.S.-Mexican border
C. Created a guest worker program
D. Created an amnesty program for illegal immigrants
D. Created an amnesty program for illegal immigrants
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Which term refers to the profits that a firm receives from investing in a new technology?
a. Private benefits b. Social benefits c. Private externalities d. Positive externalities
Agriculture is a sector of the economy where increased productivity has been accompanied by a significant decrease in employment
a. True b. False Indicate whether the statement is true or false
Which of the following best explains a government's motive for reducing the value of its currency?
A. Increase the trade balance and prevent the price level from falling further. B. Decrease the trade balance and prevent the price level from falling further. C. Increase the trade balance and prevent the price level from rising further. D. Decrease the trade balance and prevent the price level from rising further.
In perfectly competitive markets, economic profits
A. send a signal to other producers to enter the market. B. will decrease the industry supply curve. C. could also be called explicit costs. D. will increase the industry demand curve.