A recent estimate of the fiscal burden on state and local government for low-skilled immigrant households is nearly:
A. $10 billion annually
B. $30 billion annually
C. $50 billion annually
D. $100 billion annually
C. $50 billion annually
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A decrease in consumer confidence would shift the aggregate demand curve rightward
Indicate whether the statement is true or false
The United States balance of payments accounts
a. records all earnings from the foreign activities of U.S. residents. b. records all expenditures of U.S. citizens' abroad. c. records all earnings from the foreign activities of foreign governments. d. Both a and b e. All of the above
In the short run, the point at which average cost is minimized, the line from the origin to the point on the
A) total cost curve is tangent to the curve. B) total cost curve has the largest slope. C) total variable cost curve has the largest slope. D) total variable cost curve has the smallest slope.
If the market price rises from P0 to P2 in the above figure, then there is a
A) surplus equal to the distance Q0, Q2. B) surplus equal to the distance Q1, Q2. C) shortage equal to the distance Q0, Q2. D) shortage equal to the distance Q1, Q2.