The greatest number of recent immigrants to the U.S. come from Mexico because of:
a. political insecurity in Mexico.
b. religious insecurity in Mexico.
c. proximity and wage differentials.
d. racial discrimination in Mexico.
e. greater social security in the United States.
c
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Assume that the lost output due to tax distortions is proportional to the square of the tax rate
If the average cost of the distortion created by taxes is currently $1000, and the tax rate is increased from 40% to 50%, the average cost of the distortion created by taxes will increase to A) $383.33. B) $450.00. C) $640. D) $1562.50.
In the short run, a firm should shut down its operation if:
a. its losses are less than TFC at the MR = MC point. b. its losses equal TFC at the MR = MC point. c. its losses are greater than TFC at the MR = MC point. d. TR is less than TC. e. TR exceeds TVC.
The equilibrium rent for marginal land
a. equals zero. b. depends on the supply and demand of land. c. exceeds the opportunity cost of the land. d. is always greater than the equilibrium rent for nonmarginal land.
The following scatterplot displays the 1990 per capita income versus number of deaths due to traffic accidents per 100,000 people for each of the 50 states plus the District of Columbia.Which of the following is a plausible value for the correlation coefficient between weight and MPG?
A) +0.2 B) –0.5 C) +0.7 D) –1.0