Which of the following best explains why the net flow of illegal immigrants to the United States has been close to zero (particularly from 2009-2011)?
A. Increases in Mexican birth rates have made migration more costly.
B. Economic growth in Mexico exceeded U.S. growth from 2009-2011.
C. Immigration reform has reclassified many illegal immigrants as legal immigrants.
D. Dramatic cuts in social services to illegal immigrants has led many to return to their country
of origin.
Answer: B
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Which of the following statements is true?
A) Optimizers with the highest opportunity cost of time push up the rental price of apartments with the highest commute time. B) Optimizers with the lowest opportunity cost of time push up the rental price of apartments with the lowest commute time. C) As the rental prices of downtown apartments rise, only workers with the highest opportunity cost of time will be willing to rent them. D) As the rental prices of downtown apartments rise, only workers with the lowest opportunity cost of time will be willing to rent them.
Historically, the most important cause of government budget deficits is
a. cutting taxes. b. printing up too much money. c. financing wars. d. electing liberal politicians. e. business cycles.
A change in flour prices shifts the supply curve for bread
Indicate whether the statement is true or false
Average total cost equals
a. change in total costs divided by quantity produced. b. change in total costs divided by change in quantity produced. c. (fixed costs + variable costs) divided by quantity produced. d. (fixed costs + variable costs) divided by change in quantity produced.