Cross-sectional analysis of age-earnings profiles of natives and immigrants in the United States tends to reveal that immigrants earn
A. the same on average as natives at all ages.
B. lower wages on average than natives at all ages.
C. lower wages on average than natives at young ages but earn equivalent to natives by age 45 and thereafter.
D. about 10% more on average than natives at young ages but this premium disappears by age 45 and thereafter.
E. lower wages on average than natives at young ages but earn about 10% more than natives by age 45 and thereafter.
Answer: E
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What impact does a decrease in the price level in the United States have on net exports and why?
A) A decrease in the price level reduces net exports because lower prices increase American spending on imports. B) A decrease in the price level increases net exports because lower prices increase the value of the dollar. C) A decrease in the price level reduces net exports because lower prices raise the value of the dollar. D) A decrease in the price level increases net exports by reducing the relative cost of American goods.
A record of all transactions between households, firms, and the government of one country and the rest of the world is the
A) balance of trade. B) balance of payments. C) International Monetary Fund. D) government budget.
The "damaged goods" strategy refers to
a. Trying to sell damaged goods to your customers b. Damaging the goods after they have been paid for but before the shipping c. Incurring additional costs to make the cheaper goods unattractive to high-value users d. Incurring additional costs to make the more expensive goods better quality
"No person can be deprived of life, liberty or property without due process of law, nor shall private property be taken for public use without just compensation."
a. Article 1 of the Declaration of Independence b. The first amendment c. The Eleventh Amendment d. The Fifth Amendment e. None of the above