Suppose a government official is trying to decide whether or not to allow more immigration. Which of the following is not an aspect of the economic way of thinking that would apply in this decision-making process
Ans: Flipping a coin
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Refer to Figure 2-14. What is the opportunity cost of producing 1 popsicle in Iceland?
A) 1 1/2 snow cones B) 3/4 of a snow cone C) 2/3 of a snow cone D) 270 snow cones
Which of the following is not a type of portfolio investment?
(a) Investment in stocks. (b) Multinational corporation investment. (c) Investment in commercial paper. (d) All are types of portfolio investment. (e) None are types of portfolio investment.
Which of the following explains the recent decline in union membership in the United States?
a. smaller government safety nets b. slower technological change c. the change from a manufacturing to a service-based economy d. increasing market concentration e. none of the above
In the market for loanable funds an increase in the government budget deficit will
A. decrease the market rate of interest. B. increase the market rate of interest. C. increase the supply of loanable funds. D. have no effect over the market rate of interest.