A relaxation of U.S. immigration laws and regulations would
a. further reduce wages in poorer countries
b. turn some permanent resource differentials into temporary ones
c. increase the demand for labor in the United States
d. turn some temporary resource differentials into permanent ones
e. increase the supply of labor in poorer countries
B
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If a good is nonexcludable,
a. the providing it is Pareto optimal b. people have an incentive to become free riders on that good c. then it is probably also nonrival d. then it is a pure public good e. then it is a pure private good
A cartel
a. consists of two firms that collude to eliminate product differentiation so that they can sell their goods as identical goods b. is a group of firms that collude to limit competition within their market c. refers to the breakup of a firm into two or more firms where each produces a good that does not compete against the others d. is a government-supported merger of two or more firms to improve the nation's advantage in international trade e. is an illegal merger of two firms that produce unrelated goods
Taxes on labor tend to encourage the elderly to retire early
a. True b. False Indicate whether the statement is true or false
An increase in consumption, combined with an increase in exports, would have what effect on aggregate demand?
A. AD would increase B. AD would decrease C. AD would stay the same D. AD could either increase or decrease, depending on which change was of greater magnitude