Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 100 and that it is 150 in country B.) What part of domestic output in country A is the total wage bill before and after the immigration?
A. $500M before and $800M after
B. $500M before and $100M after
C. $400M before and $100M after
D. $400M before and $500M after
A. $500M before and $800M after
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Based on the data in the table above, the economy will be in short-run equilibrium at a price level of
A) 90. B) 110. C) 100. D) 120.
The federal government of the United States was established as a federation of the governments of the original thirteen states
a. True b. False
Assume that the price elasticity of demand is ?0.75 for a certain firm's product. If the firm lowers price, the firm's managers can expect total revenue to:
A. remain constant. B. decrease. C. increase. D. either increase or remain constant, depending upon the size of the price decrease.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point E necessarily represents
A. only motorcycles being produced. B. overallocation of resources. C. an impossible production point. D. technological advancement.