Studies indicate that a lack of skill transferability in the U.S. has a particularly large effect on the earnings of:
A. Domestic workers with low levels of human capital
B. First-generation immigrants
C. Immigrants who lack English-language skills
D. Highly-educated domestic workers
C. Immigrants who lack English-language skills
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A unique feature of an oligopolistic industry is
A. large number of producers. B. standardized products. C. mutual interdependence. D. low barriers to entry.
"The Consumer Price Index increased by 4.2 percent in the first quarter of this year." What type of statement is this?
a. normative b. negative c. positive d. subjective e. biased
If there is an improvement in technology that affects only Aggregate Supply and a nation's wealth falls due to sagging stock market, then:
a. Aggregate demand rises, but aggregate supply does not change. b. Aggregate demand falls, and aggregate supply rises. c. Aggregate demand and aggregate supply rise. d. Neither aggregate demand nor aggregate supply change. e. Aggregate demand rises, and aggregate supply falls.
In the Solow model, if f(k) = 2k0.5, s = 0.3, n = 0.05, and d = 0.15, what is the value of k at equilibrium?
A. 9 B. 6 C. 3 D. 1