Most immigrants to Country X are high-skilled workers. How would the wages of these workers be affected by changes in immigration levels?
a. An immigration increase would increase their wages.
b. An immigration increase would not affect their wages.
c. An immigration decrease would decrease their wages.
d. An immigration decrease would increase their wages.
d. An immigration decrease would increase their wages.
When immigration consists of mainly high-skilled workers, a decrease in immigration would increase the wages of high-skilled workers.
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In 1970 the CPI was 39, and in 2000 it was 172. A local phone call cost $0.10 in 1970. What is the price of this phone call in 2000 dollars?
A) $1.42 B) $0.39 C) $1.72 D) $0.44 E) $0.23
Adjudication, as discussed in the text, is a process for settling disagreements by supporting and enforcing which rights?
A) Rights based on an original act of mixing human labor with previously unowned resources B) The most ancient rights, whether or not they have been enforced C) The most widely and confidently accepted rights D) The rights of the majority
Which of the following is an example of a leakage from the circular flow of income and expenditure?
a. Investment b. Imports c. Government purchases d. Exports e. Transfer payments
Unemployment insurance is:
A. offered by the government as a way to affect the level of seasonal unemployment. B. money that is paid by the government to people who are unemployed. C. offered by the government as a way to affect the level of cyclical unemployment. D. money that is paid to the government by employers who lay off employees.