In which case did the U.S. Supreme Court decide the Constitution was "intended to endure for ages to come and, consequently, to be adapted to various crises of human affairs"?
(a) Nebbia v New York (1934)
(b) Munn v Illinois (1877)
(c) McCulloch v Maryland (1819)
(d) Dartmouth College v Woodward (1819)
(c)
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If the overall price level increases, it will cause a decrease in the quantity of real goods and services demanded but not a change in aggregate demand curve
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. Derived demand is the demand for resources. B. Resources are measured by units of outputs. C. Final demand is measured by units of inputs. D. None of the statements are true.
In the short run, which of the following will reduce the gains from labor migration to the recipient nation?
a. Workers remit less than the value of their marginal products. b. Migrant workers have a declining marginal product so that the equilibrium wage is lower than MPs of earlier immigrants. c. Immigrants are low cost in terms of adjustment costs such as crime prevention, language assimilation, and few children enrolled in school. d. Workers remit more than the value of their marginal products.
Label the long-run supply curve.
