To reduce the problems of illegal immigrants, should the United States license migrant workers from Latin America who want to work in the United States as visiting workers, as long as jobs are available?
What will be an ideal response?
This could be a workable solution to illegal immigration. The workers could be registered and their locations known, and they could return to their home country when jobs were no longer available. Labor unions might feel, however, that such workers were taking away jobs from U.S. workers.
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Which of the following ideas of Adam Smith has religious overtones?
A. Comparative advantage B. Aggregate demand C. Perfect competition D. Rational expectations E. Invisible hand
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
Increasing-cost production-possibility curves are bowed-out from the origin.
Answer the following statement true (T) or false (F)
If a manager is not the owner, the manager:
A. does not receive the full benefit nor the full cost of his or her decisions. B. bears the full cost of bad decisions. C. receives the full benefit of good decisions. D. None of the statements is correct.