Border enforcement if effective would raise the number of illegal immigrants into the United States
a. True
b. False
Indicate whether the statement is true or false
False
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According to your textbook, changes in supply and demand reflect changes in
A) society's overall welfare. B) the plans that buyers and sellers are making. C) the overall efficiency of the market. D) government policy. E) None of the above.
Which of the following is an exogenous variable in the model of a small open economy, but an endogenous variable in the model of a large open economy?
A) B) C C) Y D) NX E) G
Suppose a new EU member begins substituting its imports from non-EU members to other EU members. This is an example of
A) trade diversion. B) trade deflection. C) free trade. D) trade detection.
When looking back on past choices, some people feel they should have exercised more and eaten less. The fact that they could not make that choice at that point in time is an example of less than optimal choices resulting from the:
A. fact that the benefits and costs of choices are separated by time. B. complicated nature of the choice. C. market system within which we make choices. D. fact that we don't make food and exercise choices very frequently. D. market system within which we make choices.