In 2007, remittances from illegal immigrants in the United States to Mexico
A. continued to rise because of the decrease in enforcement of immigration laws.
B. continued to rise despite increased crackdowns on illegal immigration.
C. began to fall despite a decrease in enforcement of immigration laws.
D. began to fall because of increased crackdowns on illegal immigration.
Answer: D
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A profit-maximizing firm always
A. sells its output at P = MR. B. produces at the output at which MR = 0. C. hires labor until the MRP of labor = 0. D. produces every unit of output for which MR > MC.
Which economy managed to eliminate economic profits and losses?
A) Socialist Cuba B) Socialist China C) Fascist Italy D) Nazi Germany E) None of the above.
Recall the Application about the decrease in price of illegal drugs in the United States to answer the following question(s).Recall the Application. If it is not known whether the decrease in price of illegal drugs is primarily due to a change in supply, a change in demand, or equal changes in both, the equilibrium quantity of drugs:
A. will increase. B. will decrease. C. will not change. D. may or may not change.
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary