Answer the following statements true (T) or false (F)
1) If unemployed workers leave a nation, the standard of living (national income per capita) will rise in that nation.
2) "Backflows" are payments made by immigrants back to their home countries.
3) Illegal immigrants displace domestic-born workers on a one-for-one basis.
4) Illegal immigration can result in higher wages for domestic-born workers who are complementary inputs.
1) T
2) F
3) F
4) T
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The EG-ADF test
A) is the similar to the DF-GLS test B) is a test for cointegration C) has as a limitation that it can only test if two variables, but not more than two, are cointegrated D) uses the ADF in the second step of its procedure
If Bert has budget constraint A in the graph shown, what is his opportunity cost of three gallons of milk?
This graph shows three different budget constraints: A, B, and C.
A. Twelve cases of soda
B. Eight cases of soda
C. Four cases of soda
D. It is impossible to say without knowing Bert's income.
If the prices of productive substitute goods decreased and productive technology improved at the same time, as a result: a. prices would rise and there would be and an indeterminate effect on quantities exchanged. b. prices would fall and there would be and an indeterminate effect on quantities exchanged. c. prices would rise and larger quantities would be exchanged
d. prices would fall and larger quantities would be exchanged.
Which of the following is not a benefit to lenders/investors of financial intermediation?
a. More diversification than the direct market. b. More convenient than the direct market. c. Higher yield than the direct market. d. All the above are benefits to lenders. e. Lower risks than the direct market.