(Last Word) As a result of the Great Recession of 2007-2009, illegal immigration to the United States:
A. has increased dramatically.
B. fell significantly during the recession but has increased since the recession and the illegal
immigrant population is growing significantly again.
C. illegal immigration to the United States fell significantly and the net flow of illegal
immigrants following the recession has been close to zero.
D. illegal immigration to the United States fell significantly, and now there is a dramatic
backflow that has the total number of illegal immigrants in the United States falling.
Answer: C
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Mark has a two-year wage contract with his employer. Mark's wage contract specifies a $50,000 salary for the first year, and specifies a salary increase equal to the percentage increase in the CPI during the second year
The percentage increase in the CPI during the year was 4.0 percentage points. If the CPI overstates inflation by 1.0 percentage point, at the end of the first year Mark's salary increased by ________ more than it would have without the upward bias. A) $500 B) $50 C) $3000 D) $1500 E) $2000
The shutdown point of a perfectly competitive firm occurs at the minimum point of its average total cost curve
a. True b. False Indicate whether the statement is true or false
The expansion path
A. is the collection of all input combinations at which the marginal rate of technical substitution equals the input price ratio. B. shows how the cost-minimizing input choices change as the firm's output level changes. C. shifts if the input price ratio changes. D. both a and c E. all of the above
When marginal utility is zero, total utility is
A. decreasing. B. at its minimum. C. increasing. D. at its maximum.