Which of the following is least responsible for the reduction in mortality rates in Europe and North America?
a. Reduced exposure to diseases
b. Clean water and waste disposal
c. Better nutrition and housing
d. Improved sanitary conditions
e. More effective medical interventions
e. More effective medical interventions
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Answer the following statements true (T) or false (F)
1. The simple immigration model suggests that labor migration raises the wage rate in the country of origin while reducing the wage rate in the host country. 2. Remittances by Mexican workers in the United States to their families in Mexico tend to reduce the gains from immigration to the United States and increase it for Mexico. 3. Much of the recent concerns about immigration in the U.S. have focused on green-card holders. 4. The arguments that illegal immigrants do not take away jobs from legal residents, or that illegal immigrants displace legal residents from jobs on a one-to-one basis are both false. 5. At the heart of U.S. immigration laws are immigration quotas. 6. Economic analysis suggests that immigration can either benefit or harm a nation, depending on the number of immigrants, their education, skills, work ethic and the rate at which they are absorbed into the economy.
According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:
A. $12 of surplus gets transferred from consumers to producers. B. area (C + E) is deadweight loss. C. area B is transferred surplus from consumers to producers. D. All of these are true.
Suppose that an Italian working in the United States renounces his Italian citizenship and is granted U.S. citizenship. Which of the following will happen?
A. Italian GDP will fall; U.S. GNP will rise. B. Italian GNP will fall; U.S. GNP will rise. C. Italian GDP will fall; U.S. GDP will rise. D. Italian GNP will fall; U.S. GDP will rise.
Which of the following options is NOT a characteristic of a proprietorship?
A. double taxation B. unlimited liability C. easy to form and dissolve D. single ownership