According to evidence provided by the U.S. government, the median black
a. man earns more than the median black woman.
b. woman earns less than the median white woman
c. man earns less than the median white man.
d. All of the above are correct.
d
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Answer the following statements true (T) or false (F)
1. The simple immigration model suggests that labor migration raises the wage rate in the country of origin while reducing the wage rate in the host country. 2. Remittances by Mexican workers in the United States to their families in Mexico tend to reduce the gains from immigration to the United States and increase it for Mexico. 3. Much of the recent concerns about immigration in the U.S. have focused on green-card holders. 4. The arguments that illegal immigrants do not take away jobs from legal residents, or that illegal immigrants displace legal residents from jobs on a one-to-one basis are both false. 5. At the heart of U.S. immigration laws are immigration quotas. 6. Economic analysis suggests that immigration can either benefit or harm a nation, depending on the number of immigrants, their education, skills, work ethic and the rate at which they are absorbed into the economy.
After the Federal Reserve increases reserves in the banking system, banks create new deposits through multiple rounds of lending and accepting deposits until the:
A. actual reserve/deposit ratio is greater than the desired reserve/deposit ratio. B. Federal Reserve requires them to stop. C. actual reserve/deposit ratio is equal to the desired reserve/deposit ratio. D. deposit insurance limit is reached.
Average cost can be thought of as the cost per unit.
Answer the following statement true (T) or false (F)
If aggregate demand is $2,000 billion and aggregate supply is $2,300 billion, the price level will rise.
Answer the following statement true (T) or false (F)