What is the difference between legal and illegal immigration?
What will be an ideal response?
The main difference between legal and illegal immigrants is their legal ability to reside and work in the United States. Legal immigrants have permission to reside and work in the United States while illegal immigrants arrive illegally or enter the United States legally but fail to leave as stipulated. Illegal immigrants are also called unauthorized immigrants, illegal aliens, or undocumented workers.
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How do the owners of a corporation relate to the business?
A) The assets of the owners are considered the same as the assets of the business. B) The owners and the business are not separate legal entities. C) The owners and the business are separate legal entities. D) None of these describe the legal relationship of the owners to the business.
Here is a consumption function: C = C0 + MPC(Yd). If MPC is 0.80, then we know that
A) as Yd rises by $1, Co rises by $0.80. B) as Yd rises by $1, C rises by $0.80. C) Yd rises by $0.80. D) as C0 rises by $0.80, Yd rises by $1.
When a good is excludable:
A. one person's consumption prevents or decreases others' ability to consume it. B. it is possible for sellers to prevent its use by those who have not paid for it. C. the government has specific import policies limiting its supply. D. consumers have a perception of scarcity of that good.
Which of the following is true about where a profit-maximizing monopoly will produce on a linear demand curve when it has positive marginal costs?
A. It will produce output where MR < 0. B. It will produce output where MR = 0. C. It will produce output on the elastic portion of the demand curve. D. It will produce output on the inelastic portion of the demand curve.