An increase in a firm's capital stock ________ in the marginal benefit of hiring labor
A) will cause no change B) will cause a decrease
C) will cause an increase D) may cause an increase, a decrease, or no change
C
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Answer the following statements true (T) or false (F)
1. All illegal immigrants enter the U.S. and arrive here illegally. 2. Current U.S. immigration law is heavily weighted toward family reunification. 3. There was a big spike in legal immigration into the U.S. in 1989-1991, resulting from an amnesty program through which many formerly illegal immigrants became legal residents. 4. In 2011, refugees comprised a bigger portion of total legal immigration into the U.S. than employment-based immigrants.
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
The supply of oil is more elastic than the demand for oil. If oil is taxed $10 per barrel, how will the tax be divided between the buyer and seller?
A) The seller will pay more of the tax than the buyer pays. B) The buyer will pay more of the tax than the seller pays. C) The seller and buyer will split the tax evenly. D) The seller will pay the entire tax. E) The buyer will pay the entire tax.
What happens to national saving when the government runs a budget surplus? What happens to national saving when the government runs a budget deficit?
What will be an ideal response?