Many immigrants and many American high school dropouts possess very few skills. What impact will these low-skill immigrants likely have on the labor market opportunities of American high school dropouts?
A. Immigration of low-skilled workers does not affect wages paid to American high school dropouts.
B. Immigration of low-skilled workers is associated with lower wages paid to American high school dropouts.
C. Immigration of low-skilled workers is associated with greater employment among American high school dropouts.
D. Immigration of low-skilled workers is associated with higher wages paid to American high school dropouts.
E. None of the statements is correct.
Answer: B
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Refer to Figure 8.3. What is marginal cost when output is 200 units?
A. $9
B. $2500
C. $8.62
D. $7.77
An expansion occurs when ________, when ________, or when both of these occur.
A. potential output grows rapidly; actual output rises above potential output. B. potential output grows slowly; actual output equals potential output C. potential output grows slowly; actual output rises above potential output D. potential output grows rapidly; actual output equals potential output
? Assume there is a relationship between two variables and the other-variables-held constant assumption (ceteris paribus) is relaxed. We would expect that the line representing this relationship would:
A. ?change from inverse to direct. B. ?change from direct to inverse. C. ?have a greater number of data points. D. ?change its location.
Output in an economy can be increased by
A. decreasing inflation. B. limiting the work week. C. adding more workers. D. using fewer machines.