Answer the following statements true (T) or false (F)
1. In 2011, China overtook Mexico to become the number one country of origin of U.S. legal immigrants.
2. In 2007, immigrants made up a larger portion of the labor force in the U.S. than that in Canada.
3. The simple immigration model suggests that, for a high-wage country like the United States, immigration tends to reduce domestic output as well as the total income of businesses.
4. An increase in the mobility of labor across nations tends to decrease the world's output of goods and services.
1. F
2. F
3. F
4. F
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The above table shows data from the GDP accounts of Hypothetica. Hypothetica's GDP is ________ billion
A) $270 B) $210 C) $190 D) $160
Suppose the government lowers unemployment by hiring more government workers. How does it matter whether wages and prices are sticky?
What will be an ideal response?
The study of decision making that assumes people are rational in a broad sense, even if they do not have complete and perfect information is called _____
a. rational economics b. reasonable economics c. understandable economics d. behavioral economics e. optimal economics
Refer to the information provided in Figure 1.4 below to answer the question(s) that follow.
Figure 1.4Refer to Figure 1.4. Which of the Panels shows a curve or line that has a slope that is first positive and then negative?
A. A B. B C. C D. D