A Swiss watchmaker opens a factory in the United States. This is an example of Swiss
a. exports.
b. imports.
c. foreign portfolio investment.
d. foreign direct investment.
d
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Which of the following is likely to be an extreme view taken by critics of illegal immigration?
A. Illegal aliens are close substitutes for legal resident workers B. Illegal workers accept jobs that legal residents are unwilling to do C. Undocumented workers do not displace legal residents from their jobs D. Undocumented workers are complements to legal resident workers
The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The total value of donations raised by three employees is:
A. $48,911. B. $51,963. C. $43,899. D. $45,000.
Analysis of the short-run Phillips curve suggests that policymakers who want to reduce unemployment in the short run should ______ aggregate demand at a cost of generating ______ inflation.
A. increase; higher B. increase; lower C. decrease; higher D. decrease; lower
A change in a price of a substitute input for labor will cause
A. a change in the demand for labor in the same direction of the price change. B. a change in the supply of labor in the opposite direction of the price change. C. no change in the demand for labor. D. a change in the demand for labor in the opposite direction of the price change.