Every year, the U.S. allows 500,000 people from developing countries to immigrate to the U.S. permanently, which means:
A. it has a lower rate of acceptance than admission rates to the most competitive U.S. colleges.
B. there is a severe surplus, since 13.6 million apply to enter the U.S.
C. many people resort to immigrating illegally.
D. All of these statements are true.
D. All of these statements are true.
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Suppose, at its present rate of output, a perfectly competitive firm's marginal revenue exceeds both its marginal cost and its average variable cost. To maximize profit, the firm should
a. lower the price b. raise the price c. increase output d. reduce output e. maintain its current rate of output
Firm governance must enhance
A) wages. B) control by stockholders. C) efficiency. D) government regulation.
Which tool results in an immediate and major impact on the money supply, but is rarely used by the Fed because it affects the money supply in such a significant way?
a. open market operations b. reserve requirement alterations c. reserve interest rate changes d. discount rate changes
Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the other good to
A. Increase and the equilibrium quantity of the other good to decrease. B. Decrease and the equilibrium quantity of the other good to decrease. C. Decrease and the equilibrium quantity of the other good to increase. D. Increase and the equilibrium quantity of the other good to increase.