All of the following groups benefited from immigration to the U.S. in the late 19th and early 20th century except
a. manufacturing and mining companies.
b. retailers.
c. railroad companies.
d. unskilled native workers.
d. unskilled native workers.
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Refer to the scenario above. Which of the following is true if Sarah is optimizing in levels?
A) An optimizer will rent the hotel for three days if the total benefit of staying for three days exceeds the total benefits of staying for two days. B) An optimizer will rent the hotel room for three days if the cost of staying for two days exceeds the cost of staying for three days. C) An optimizer will rent the hotel room for three days if the net benefit of staying for three days exceeds the net benefit of staying for two days. D) An optimizer will rent the hotel room for three days if the net benefit of staying for the third day is negative.
Which one of the following would cause an increase in the demand for hotel rooms in Hawaii?
A) an increase in airfares to Hawaii B) a decrease in airfares to Hawaii C) an upward movement along the demand curve for stays in Hawaiian hotel rooms D) a downward movement along the demand curve for stays in Hawaiian hotel rooms
If a monopolistically competitive firms incurs an increase in fixed costs, its price will rise and its output will fall
a. True b. False Indicate whether the statement is true or false
Mutually beneficial trade will occur whenever the exchange rate between the goods involved is set at a level where:
A. each country can export a good at a price below the opportunity cost of producing the good in the domestic market. B. each country can import a good at a price below the opportunity cost of producing the good in the domestic market. C. the exchange ratio is exactly equal to the opportunity cost of producing the good in each country. D. each country will specialize in the production of those goods in which it has an absolute advantage.