Which of the following statements regarding immigration is true?
A. All immigrants are low skilled.
B. For each employed immigrant, there is an unemployed native worker.
C. Firms do not benefit from immigration.
D. Consumers benefit from immigration via lower prices.
E. Immigration always results in lower native wages.
Answer: D
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Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
Under the fixed rate regime foreign countries could hold their dollar exchange rates constant by
A) using tight monetary policy. B) using expansionary fiscal policy. C) negotiating with the central bank of the United States. D) setting their domestic interest rate equal to the U.S. interest rate. E) holding their exchange rates constantly pegged to the euro and yen.
Production at points beyond the production possibilities frontier cannot be attained unless there is an increase in resources or an improvement in technology.
Answer the following statement true (T) or false (F)
Which of the following is not included in a nation's balance of payments?
a. International interest and dividend earnings. b. International real estate transactions. c. Changes in a nation's money supply due to a new required reserve ratio. d. All of the above are included in the balance of payments.