Which statement is FALSE?
A. Less than 5% of the entrepreneurs and higher-level employees in Silicon Valley come from overseas.
B. The upper strata of the American work force is very well educated.
C. Immigration is restricted to approximately 800,000 people a year.
D. The immigration and Naturalization Service (INS) has stopped picking up illegal aliens, allowing them to help American employers fill jobs.
A. Less than 5% of the entrepreneurs and higher-level employees in Silicon Valley come from overseas.
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Bananas and apples are substitutes. When the price of bananas rises, and a technological advance in apple production occurs at the same time
A) the equilibrium price of apples rises and the equilibrium quantity of apples falls. B) the equilibrium price of apples rises and the equilibrium quantity of apples might rise or fall. C) the equilibrium quantity of apples rises and the equilibrium price of apples might rise or fall. D) the equilibrium price of apples rises and the equilibrium quantity of apples rises.
From 1970 to 2012, the Gini coefficient in the United States has
A) steadily increased. B) remained relatively unchanged. C) dramatically decreased. D) more than doubled.
In a price index, the quantity of goods and services being measured between two periods
a. must be increased. b. must be held constant. c. must be decreased. d. should be increased or decreased.
The second largest component of the federal government revenues is receipts from ________
A) corporate income tax B) excise tax C) social insurance tax D) value-added tax