When the U.S. decides to strengthen its border control, the labor market in California is affected. We would expect the:
A. demand for labor to decrease.
B. supply of labor to increase.
C. supply of labor to decrease.
D. demand of labor to increase.
Answer: C
You might also like to view...
Economists who really do want to take discretion away from the Fed, by imposing rules on ________, face the problem of ________
A) policy instruments, the Fed requiring discretion to adhere to the rule B) policy instruments, slippages between instruments and target variables C) target variables, the Fed requiring discretion on how to achieve the rule D) target variables, slippages between instruments and target variables
A tax levied on the buyers of a good shifts the
a. supply curve upward (or to the left). b. supply curve downward (or to the right). c. demand curve downward (or to the left). d. demand curve upward (or to the right).
College education is an example of a positive externality.
A. True B. False C. Uncertain
According to supply-side theory, which of the following would shift the aggregate supply curve leftward?
A. Lower marginal tax rates. B. Government deregulation. C. A higher minimum wage. D. Elimination of structural bottlenecks.