The largest category of legal immigrants into the U.S. in 2011 was:
A. Family-sponsored immigrants
B. Refugees
C. Employment-based preferences
D. Diversity immigrants
A. Family-sponsored immigrants
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Aid is a relatively small percentage of all foreign capital flows to developing countries. Is it unimportant?
What will be an ideal response?
For a monopoly, a negative marginal revenue implies:
A. the price effect is larger than the quantity effect. B. total revenues are increasing. C. that the demand is price elastic. D. the quantity effect is larger than the price effect.
The following question relate to a community that is circular in nature with a one mile circumference. There are 81 people evenly distributed around the lake where the town is built. The travel cost is $10 per mile, a restaurant costs $100 to set up, and the cost per meal is $2. If the town was one restaurant below its optimal number when you are brought in as a consultant to help decide some planning issues, and the city fathers want to know how much the town could save overall if it built another restaurant, what would you tell them?
What will be an ideal response?
Which of the following will occur when the economy has reached a balanced growth equilibrium?
A) The growth rate of output equals the rate of depreciation B) The growth rate of output per effective labour is zero C) The growth rate of capital is equal to the rate of depreciation D) The growth rate of capital per effective labour is equal to the rate of technological progress E) none of the above