The distribution of poverty is determined by changing demographic patterns and discrimination
Indicate whether the statement is true or false
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From 1860 to 1910, U.S. mobility between social classes and occupations
(a) distracted immigrants. (b) increased the potential migrant's opportunity cost of staying in Europe. (c) attracted immigrants to the U.S. (d) decreased foreign investment in the U.S.
A comprehensive income tax with few loopholes is efficient because labor
a. supply is very little affected by taxation. b. demand is very little affected by taxation. c. supply is highly responsive to taxation. d. demand is highly responsive to taxation.
The price of a good will fall when:
A. there is a shortage of the good. B. there is a surplus of the good. C. demand for the good increases. D. the supply of the good decreases.
Why is the optimal quantity of pollution not less than the point at which the marginal benefit equals the marginal cost?
A) The point of intersection occurs at a low level of pollution. B) There are no external costs below that level. C) Below that point firms will have to reduce the quantity that they are currently producing and lower the price. D) Below that point the value that people place on less pollution is less than the cost of reducing the pollution.