When the U.S. economy expands, foreign investment in and immigration to the U.S. usually contracts
Indicate whether the statement is true or false
False
You might also like to view...
An increase in income causes the demand for inferior goods to_____________ and the price of inferior goods to ____________
a. Increase; increase b. Increase; decrease c. Decrease; increase d. Decrease, decrease
In a labor market with one employer, the MLC is
a. above the supply curve of labor b. above the demand curve for labor c. what determines the wage rate d. downward sloping e. horizontal
How do economists define efficiency? Elaborate
In a competitive market, if the production process involves an external benefit, the market will
a. produce the economically efficient outcome. b. result in a market price that is higher than the efficient one. c. result in a market price that is lower than the efficient one. d. result in too much of the good being produced compared to the ideal efficient outcome.