Summarize the main research conclusions found by prominent economists on the economic effects of immigration
What will be an ideal response?
The research conclusions from prominent economists on the economic effect of immigration indicate that the wages of low-educated native-born workers are reduced and that the salaries of some highly trained native-born workers may also be negatively influenced by immigration. The overall effect on average wages is, however, less clear as some studies find a positive effect on average wages while other research indicates that immigration may have a negative effect of up to 3 percent on average wages.
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"Bad news" about an expenditure-related indicator drives bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Diminishing marginal productivity can occur due to the following reason(s)
a. the difficulty of monitoring and motivating larger workforces b. the increasing complexity of larger systems c. the "fixity" or permanence of some factor of production d. all of the above
When economists refer to investment expenditures they mean the
A. use of today's resources to expand tomorrow's production or consumption. B. purchase of a consumer nondurable goods. C. purchase of stocks or bonds. D. production of intermediate goods.
Explain why a tax increase on cigarettes in one state might not lead to a substantial price increase for all consumers in that state
What will be an ideal response?