The American colonies have a rich and deep history in international trade and immigration
Indicate whether the statement is true or false
True
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Differences in what can explain the wage gap between U.S.-born and foreign-born workers?
(a) Culture (b) Schooling (c) Urbanization (d) All of the above
An increase in the interest rate will increase consumption spending
a. True b. False Indicate whether the statement is true or false
Capital is paid according to the value of its marginal product
a. only if earnings from capital are paid to households in the form of dividends. b. only if earnings from capital are kept within firms as retained earnings. c. regardless of whether earnings from capital are paid to households in the form of dividends or whether those earnings are kept within firms as retained earnings. d. None of the above is correct; unlike labor, capital is a factor of production for which earnings are unrelated to the value of marginal product.
The law of comparative advantage explains which of the following?
What will be an ideal response?