In the specificfactors model, how will immigration affect the sending country's production possibilities frontier?
a. It will shift it to the right.
b. It will shift it to the left.
c. It will not affect its production possibilities curve.
d. Immigration will first shift it to the left, then shift it back to its original position.
Ans: b. It will shift it to the left.
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Figure 4.3 illustrates the demand for tacos. An increase in price of tacos would bring about a movement from
A) point a to point c. B) point c to point a. C) D2 to D0. D) D0 to D1.
What would be an example of consumption service?
A) Rhianna gets a haircut. B) Jake buys an iPhone. C) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. D) The local driver's license office purchases a new digital camera and printer. E) Donald Trump purchases furniture for his office.
The Folk Theorem says that anything can happen in infinitely repeated games.
Answer the following statement true (T) or false (F)
What are the arguments in favor of the redistribution of income?
What will be an ideal response?