Which of the following statements is true about illegal immigration?
A. Illegal immigrants are often willing to work for less pay, keeping costs and prices for
consumer goods and services lower.
B. Illegal immigration reduces wages for U.S. workers who are complementary inputs.
C. Illegal immigration tends to reduce wages less for previous immigrants than for native-born
workers.
D. All of these.
Answer: A
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The cost of a higher living standard in the future is giving up:
A. current consumption. B. current investment. C. future investment. D. future consumption.
When the marginal product of labor ________ the average product of labor, then the average product is maximized.
A. is less than B. is greater than C. equals D. The average product of labor is never maximized.
A pollution haven is
A) a place where people actually like pollution and view it as a positive externality. B) a location with weak environmental rules that attracts manufacturing companies due to decreased costs. C) a place that has very low worker wages. D) unattractive for multinational investment because of the ambient pollution.
The demand for most agricultural products tend to be price inelastic
a. True b. False