Legislation considered by Congress to restrict legal immigration would:
a. have little effect on medical markets since so few physicians practicing medicine in the U.S. are foreigners.
b. raise the costs of operating in many of the nation's rural and inner-city hospitals.
c. allow more Americans trained abroad to compete for openings in U.S. residency programs.
d. surprise many policy makers because Congress finds it difficult to agree on much of anything regarding immigration.
e. improve employment prospects for native-born Americans.
b. raise the costs of operating in many of the nation's rural and inner-city hospitals.
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The present value of $200 to be received after 5years at 10 percent interest is $112.2
Indicate whether the statement is true or false
Discretionary fiscal policy transpires when the government moves to alter ______.
a. stock and bond markets b. donations and volunteerism c. taxes and government purchases d. wages and profits
In the 1945 ALCOA case, the court used company performance rather than the structure of the market to determine whether the company was in violation of antitrust laws.
Answer the following statement true (T) or false (F)
A firm estimates that when output is 10, its total costs are $900. It also finds that when output is 11, its total costs are $920. The marginal cost of the eleventh unit of output is:
A. $20 and the minimum point of the average total cost occurs at an output level less than 11. B. $20 and the minimum point of the average total cost occurs at an output level greater than 11. C. $90 and the average total cost is minimized. D. $90 and the minimum point of the average total cost occurs at an output level greater than 11.