Immigration can either benefit or harm a nation, depending on the following factors, except the:
A. Number of immigrants
B. Education, skills, and work ethic of the immigrants
C. Rate at which the immigrants can be absorbed by the society
D. Blank
D. Blank
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In general, what is the final result of trade barriers?
What will be an ideal response?
Which of the following best approximates Okun's law?
A) a 1 percent increase in output leads to a 2 percent decrease in unemployment B) a 1 percent increase in output leads to a 1 percent decrease in unemployment C) a 2 percent increase in output leads to a 4 percent increase in unemployment D) a 2 percent increase in output leads to a 1 percent decrease in unemployment E) none of the above
If the elasticity of demand is -2.3 when calculated using the point elasticity method and -3.4 using the arc elasticity method, then
A) you should use the point elasticity. B) it is OK to use either one. C) there must be a mistake in the calculations. D) you should use the arc elasticity.
The higher the HHI
A) the less dominated a market is by a single firm. B) the more competitive is the market. C) the more dominated a market is by a single firm. D) the less likely the Sherman Act will be applied to a firm.