According to the Thomas (1954) analysis, American investment in industrial physical capital was
(a) labor-using in upswings of immigration.
(b) labor-saving in upswings of immigration.
(c) "labor neutral" over the course of immigration.
(d) relentlessly labor-saving no matter what.
(a)
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You are likely to learn about ________ in your macroeconomics class
A) the price elasticity of demand for a good B) the average revenue and cost curves of a firm C) the Law of Diminishing Marginal Utility D) the annual growth rate of an economy's output
A voter's preferences are single-peaked if:
A. her net benefit from an activity increases with the activity's level until her ideal is reached and declines thereafter. B. her total benefit from an activity increases with the activity's level until her ideal is reached and declines thereafter. C. her net benefit from an activity decreases with the activity's level until her ideal is reached and declines thereafter. D. her total benefit from an activity decreases with the activity's level until her ideal is reached and declines thereafter.
The Chinese Exclusion Act of 1882 was the first restriction on immigration, in the U.S
a. True b. False Indicate whether the statement is true or false
Which of the following best describes private enterprise?
a. The means of production (resources and businesses) are owned and operated by government. b. The means of production (resources and businesses) are owned and operated by private individuals or groups of private individuals. c. Economic decisions are determined by individuals. d. Economic decisions are determined by government.