Today, about one out of four legal immigrants arrives in the U.S with experience in a professional occupation
Indicate whether the statement is true or false
True
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Suppose Ariana deposits $75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks
A) $15,000 B) $375,000 C) $750,000 D) $1,500,000
Suppose the opportunity cost is a constant 500 TV sets for 1 car in Canada and 1,000 TV sets for 8 cars in Mexico. Then, if both countries specialize in accordance with their comparative advantage, the production of 1,000 extra TV sets in one country and 1,000 fewer TV sets in the other would imply that the world as a whole can have
a. 2 more cars b. 6 more cars c. 8 more cars d. 125 more cars e. 500 more cars
If supply and demand both shift to the right, equilibrium quantity:
A. falls, but the equilibrium price may rise, fall, or stay the same. B. may rise, fall, or stay the same, but equilibrium price will fall. C. rises, but the equilibrium price may rise, fall, or stay the same. D. may rise, fall, or stay the same, but equilibrium price will rise.
Which of the following is NOT given in the video as an example of a real shock?
A. high inflation B. bad weather C. wars D. changes in the price of oil