How would an economist go about examining the net costs of immigration? What have recent studies suggested?
What will be an ideal response?
To determine whether the net benefits of immigration outweigh its net costs, we must ask one important question: To what extent does immigration reduce domestic wages and increase unemployment? A number of recent studies have found that metropolitan areas with greater numbers of immigrants seem to have only slightly lower wages and only slightly higher unemployment rates.
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In order to change inflationary expectations in 1979, the Fed's monetary policy under Paul Volcker's leadership resulted in ________ and ________
A) steep inflation; low unemployment B) deflation; high unemployment C) disinflation; low unemployment D) disinflation; high unemployment E) steep inflation; high unemployment
The price system rations goods among consumers in such a way that
A. all are treated equally. B. all needs are satisfied. C. the rich are favored. D. important needs are satisfied first.
A line that rises from left to right has a positive slope.
Answer the following statement true (T) or false (F)
If the budget deficit increases, then
a. an increase in the interest rate increases net capital outflow. b. an increase in the interest rate decreases net capital outflow. c. a decrease in the interest rate increases net capital outflow. d. a decrease in the interest rate decreases net capital outflow.