Households supply labor, capital, land, and entrepreneurial ability to ________
a. resource markets
b. product markets
c. financial markets
d. the government
a
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Illegal immigrants from Mexico who work continuously in the U.S. have the following characteristics, except:
A. They are mostly working in farms B. They make up a majority of the illegal immigrants in the U.S. C. On average, they have higher educational levels than the Mexicans who don't migrate D. They do not frequently move back and forth across the border
The largest component of national income in the United States is
A) rental income. B) proprietors' income. C) compensation of employees. D) corporate profits. E) net interest.
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
If demand for a good increases and supply remains constant equilibrium price:
a. Will increase, and equilibrium quantity will decrease b. And quantity will both increase c. And quantity will both decrease d. Will decrease, and equilibrium quantity will increase