When the U.S. Congress increased the immigration quota for software engineers and other high-tech workers in 2000, the intent was to change the shape and position of the
A. Investment function.
B. AD curve.
C. Consumption function.
D. AS curve.
Answer: D
You might also like to view...
If Jose deposits $2,000 in his bank and the desired reserve ratio is 10 percent, what is the amount of new loans that the bank can make?
A) $2,000 B) $200 C) $1,800 D) $1,900 E) $2,200
The goods and services that are used in the production of other goods and services are called: a. gross domestic goods. b. intermediate goods
c. final goods. d. ultimate goods.
During the 2007–2008 recession the U.S. economy moved from E1 to e2 to e3. Which of the following statements is accurate?
a. The move from E1 to e2 was facilitated by a shift from SRAS2 to SRAS1.
b. While the economy was at e2 there was an inflationary gap.
c. The move from e2 to e3 was facilitated by a shift from AD2 to AD3.
d. While the economy was at e3 unemployment was unusually low.
A problem associated with import substitution as an industrial policy is:
A. it often stays in place long after it was expected to lapse. B. it removes the incentive for industries to be efficient. C. industries are often chosen for political, not economic, reasons. D. All of these are problems associated with import substitution policy.