From a strictly economic perspective, immigration should be:

A. Expanded until its marginal benefits equal its marginal costs

B. Expanded until its total benefits equal its total costs

C. Expanded as long as its marginal costs exceed its marginal costs

D. Reduced if its marginal benefits exceed its marginal costs


A. Expanded until its marginal benefits equal its marginal costs

Economics

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All of the following are key features of the new the federal government's national health care program EXCEPT

A) people must either purchase health insurance or pay a fine to the federal government. B) a young person in good health can opt not to purchase health insurance without penalty. C) firms with at least 50 employees must either provide health insurance or pay fines when uninsured employees receive tax subsidies to purchase insurance. D) government-directed exchanges will assist in matching individuals and small businesses with health insurance policies that satisfy government requirements.

Economics

The World Bank defines ________ poverty as an income of less than $1.90 per day per person.

A. severe B. relentless C. extreme D. extraordinary

Economics

Which phase of the business cycle would be most closely associated with an economic contraction?

A. Recovery B. Recession C. Peak D. Trough

Economics

Which of the following is correct if real GDP is $20 trillion and spending is $20.5 trillion?

What will be an ideal response?

Economics