Refer to the figure. If more criminals are in the mix of potential immigrants, how will this affect the optimal quantity of immigrants?
A. It will increase MC and reduce the optimal quantity.
B. It will increase MC and raise the optimal quantity.
C. It will lower MC and raise the optimal quantity.
D. It will lower MC and reduce the optimal quantity.
A. It will increase MC and reduce the optimal quantity.
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In a market for emission permits, firms that emit below their allowed limits
A) will buy even more allowances through a trading system. B) are taxed by the government for the amount of emissions. C) receive a subsidy for the amount of emissions. D) will sell their excess allowances through a trading system.
Suppose that Pedro buys a mountain bike for $200, for which he was willing to pay up to $300 . What is Pedro's consumer surplus in this transaction?
a. $100 b. $200 c. $300 d. $500
Hyperinflation usually starts when:
A. people start spending too much money. B. firms demand higher and higher prices for their goods. C. governments are forced to print money to finance their spending. D. fiscal deficits are small.
The largest fiscal stimulus package enacted in U.S. history was done during whose administration?
A. President Barack Obama B. President Bill Clinton C. President George W. Bush D. President Donald Trump