What are the positive impacts of migration on migrants and the firms that hire them?
What will be an ideal response?
Higher incomes for migrants and lower labor costs for firms
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When government spending is equal to the tax revenues during a specific time period, this is known as a
A) government budget deficit. B) government budget surplus. C) balanced budget. D) public debt.
According to the text, ________ is perhaps the most critical aspect of a country's economic performance
A) the unemployment rate B) growth in GDP C) the inflation rate D) the living standard
What are some of the solutions for a hold-up problem?
a. Mergers b. Contracts c. Exchange of ‘hostages' d. All the above
Increases in the price of imported oil in 2011 led to a leftward shift of the aggregate supply curve
a. True b. False Indicate whether the statement is true or false