The immigration of skilled scientists and engineers from other nations will have which of the following effects?
A. The supply curve for innovative activities will be pushed to the right, increasing the amount of innovation.
B. The demand curve for innovative activities will be pushed to the left, decreasing the amount of innovation.
C. The demand curve for innovative activities will be pushed to the right, increasing the amount of innovation.
D. The supply curve for innovative activities will be pushed to the left, increasing the amount of innovation.
Answer: A
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Refer to Table 12.1. Assuming the inflation rate forecast to be accurate, which nation has the lowest real rate of return?
A) Japan B) Australia C) the United States D) South Africa
Does the quantity theory correctly predict the effects of money growth on inflation?
What will be an ideal response?
The Laffer curve shows that as tax rates increase
A) initially tax revenues increase, then decrease. B) tax revenues decrease as the incidence of cheating on tax returns increases. C) tax revenues increase as more individuals and businesses have to pay taxes. D) tax revenues remain unchanged.
Structural unemployment refers to unemployment resulting from
a. technological change b. being in the wrong location at the wrong time c. taking the time to find a better job d. working at a job that does not challenge your abilities e. a recession in the economy