What happens to the labor supply curves in both countries when Mexican workers leave Mexico and move to the United States?
a. Labor supply decreases in Mexico and decreases in the United States.
b. Labor supply increases in the United States and increases in Mexico.
c. Labor supply increases in the United States and decreases in Mexico.
d. Labor supply increases in Mexico and decreases in United States.
c
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Computer software is an example of a good that is
a. both nonexcludable and nonrivalrous. b. nonexcludable, but not nonrivalrous. c. nonrivalrous, but not nonexcludable. d. a pure private good.
Many of India's most talented people move to countries where doing business is easier than in India
Talented people leaving their own countries for countries where doing business is easier or where their job skills are in greater demand is known as A) fight-or-flight. B) export exodus. C) brain drain. D) in-migration.
If the quantity of a good supplied is highly sensitive to the price of the good, economists say the supply of the good is relatively
a. inelastic. b. elastic. c. robust. d. inverse.
To discourage future breakdowns in cooperation in a repetitive game, ______. a. oligopolists should place penalties in the game
b. oligopolists should allow a flexible boundary on output. c. oligopolists should allow flexibility in prices. d. oligopolists should decrease the number of firms in a cartel.