Expansionary monetary policy involves an increase in the money supply and a fall in interest rates, leading to a positive expansion in income
Indicate whether the statement is true or false
TRUE
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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 individual pays $100 every month as rent for an apartment, and his monthly opportunity cost of commuting from the apartment to his place of work is $40. Which of the following statements is then true?
A) The direct cost of renting the apartment is $140. B) The indirect cost of renting the apartment is $140. C) The direct cost of renting the apartment is $40, whereas the indirect cost of renting the apartment is $100. D) The direct cost of renting the apartment is $100, whereas the indirect cost of renting the apartment is $40.
The opportunity cost of postponing income to some future time depends on the interest rate.
Answer the following statement true (T) or false (F)
The marginal revenue that would be derived from production of the second unit would be
A. $30.
B. $27.
C. $24.
D. $21.