The majority of immigrants coming to the U.S. in the 1840s and 1850s were from
a. England and Scotland.
b. Italy.
c. Germany and Ireland.
d. France.
c. Germany and Ireland.
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Which of the following is correct?
i. A surplus puts downward pressure on the price of a good. ii. A shortage puts upward pressure on the price of a good. iii. There is no surplus or shortage at equilibrium. A) i and ii B) only iii C) ii and iii D) i and iii E) i, ii, and iii
Which of the following would result in a positive externality?
A) A local government sets a maximum price on gasoline. B) Taco Bell adds 15 new items to its dollar menu. C) Medical research results in a cure for Ebola. D) A solar panel manufacturer raises its prices due to increased demand.
Parties who have bought a futures contract and thereby agreed to ________ (take delivery of) the bonds are said to have taken a ________ position
A) sell; short B) buy; short C) sell; long D) buy; long
High price and low total utility indicate
a. low marginal utility. b. large quantities are sold. c. high marginal utility. d. a high price/marginal utility ratio.