What method was not used by the US between 1880 and 1920 to limit the number of immigrants?
a. Outlawing the practice of prepaying the cost of an immigrant's voyage in exchange for future labor services.
b. Implementing a financial test for potential immigrants.
c. Utilizing a literacy test for potential immigrants.
d. Allowing only immigrants who had family members in the US to come in.
d. Allowing only immigrants who had family members in the US to come in.
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What is the social interest? Distinguish it from self-interest. In your answer give an example of self-interest and an example of social interest
What will be an ideal response?
Which is a screen against adverse selection
a. Insurance companies require homeowners to have smoke detectors b. Rearview cameras in cars c. Installing engine monitors to track driving habits of the insured d. Prospective secretaries must take a typing test before being hired
Suppose a firm has the following total cost function: TC = 50 + 2q2. What is the minimum price necessary for the firm to earn profit?
A) p = $20 B) p = $30 C) p = $35 D) p = $40
Refer to the cost table below. If the price of the product is $6, what output level will the firm produce?
The table shows cost data for a firm that is selling in a purely competitive market.
A. 0
B. 12
C. 14
D. 16