Which of the following examples would an economist concerned about individual freedom and liberty most likely support?
a. increasing government oversight of education
b. hiring more government employees
c. more government involvement in the environment
d. less government involvement in business
d. less government involvement in business
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Gross investment equals net investment plus
A) capital. B) capital gains. C) depreciation. D) dividends paid to the owners of the company.
If the required reserve ratio is 5 percent, then the simple deposit multiplier is
A) 2. B) 5. C) 10. D) 20.
Undervaluing of opportunity cost sometimes occurs because:
A. opportunity cost is just theoretical. B. the benefit is difficult to visualize. C. the opportunity cost is easy to visualize. D. the opportunity cost is hard to visualize.
Refer to the given figure and assumptions. Assume initially that government does not effectively block illegal immigration. If the government then finds a way to prevent all illegal immigrants from working in this labor market:
(1) Employers in this market are willing and able to ignore minimum wage laws;
(2) S d represents the supply of domestic-born (and legal immigrant) workers; (3) S t represents
the total supply of workers in this labor market (S d plus illegal immigrants); and (4) unless
otherwise stated, illegal immigration is not effectively blocked by the government.
A. 100,000 domestic-born workers will gain employment at the expense of 200,000 illegal
immigrants.
B. 200,000 domestic-born workers will gain employment at the expense of 200,000 illegal
immigrants.
C. 100,000 domestic-born workers will gain employment at the expense of 250,000 illegal
immigrants.
D. 100,000 domestic-born workers will gain employment at the expense of 100,000 illegal
immigrants.