What are the effects of migration from developing nations?
a. It entices workers from industrial economies to emigrate to developing nations.
b. It improves the technical efficiency of the developing nation's workforce.
c. It provides a valuable safety valve for poor nations.
d. It prevents brain drain.
d
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In the market for used cars, if there is asymmetric information yet all cars sell for the same price
A) there is an efficiency problem and there are equity implications. B) there is no efficiency problem, but there are equity implications. C) buyers of lemons win at the expense of buyers of good cars. D) there is no efficiency problem and there are no equity implications.
The daily reserve supply curve is:
A. vertical. B. horizontal. C. upward sloping. D. downward sloping.
Refer to the data. In equilibrium, the level of consumption spending will be:
(Advanced analysis) Answer the question on the basis of the following consumption and investment data for a private closed economy. Figures are in billions of dollars. C = 60 + .6Y I = I 0 = 30 A. 170. B. 270. C. 160. D. 195.
Assume that the economy is in a recession and there is a budget deficit. A strict balanced-budget rule that would require the Federal government to balance its budget during a recession would be:
A. Expansionary and worsen the effects of the recession B. Contractionary and worsen the effects of the recession C. Contractionary and counter the effects of the recession D. Expansionary and counter the effects of the recession