After 1896 the majority of immigrants to the U.S. were from
a. Great Britain and Ireland.
b. Scandinavia.
c. Central, Eastern and Southern Europe.
d. Germany.
c. Central, Eastern and Southern Europe.
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Higher unemployment insurance benefits tend to increase unemployment because they
a. reduce the opportunity cost of job search and, hence, increase the search time. b. increase the opportunity cost of job search and, hence, increase the search time. c. reduce the opportunity cost of job search and, hence, decrease the search time. d. increase the opportunity cost of job search and, hence, decrease the search time.
Wealth in the United States is:
A. distributed in a way that reduces the degree of income inequality. B. more unequally distributed than is income. C. less unequally distributed than is income. D. distributed in a way that has no effect on income inequality.
While top level executives and the board of directors have wide-ranging discretion on leadership issues, most middle level managers recognize that they must exercise leadership:
A. within the existing architecture. B. only when told to by the senior management. C. when the company decides to sell its overseas unit. D. only when the company decides to integrate upward.
Suppose a firm finds it is better off operating than shutting down in the short run. What is true at the quantity at which marginal cost equals marginal revenue?
a. total cost equals total revenue b. average cost equals average revenue c. profit is maximized d. revenue is maximized e. cost is minimized