U.S. immigrants (legal and illegal) have:
A. higher prison rates and crime rates than the native-born population.
B. lower prison rates and crime rates than the native-born population.
C. lower prison rates, but illegal immigrants have higher crime rates than the native-born
population.
D. higher prison rates, but lower crime rates, than the native-born population.
Answer: C
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Deciding how a society's products are distributed among its citizens answers the economic question of
A) how will the products be produced. B) where will the products be consumed. C) what products will be produced. D) who consumes the products produced.
If real GDP is $13,000 billion and aggregate hours are 270 billion, labor productivity equals
A) $6.50 per hour. B) $45 per hour. C) $48 per hour. D) $650 per hour.
The complexity of the U.S. federal income tax system results in significant annual deadweight losses. The opportunity cost of the hours taxpayers spend on record keeping and completing their tax returns amounts to billions of dollars
a. If the tax system was simplified, how would this benefit the economy? b. Why hasn't the tax system been simplified?
You can capture a bigger piece of the pie if
a. You can decrease your counter party's gains from reaching an agreement b. You can increase you gain from reaching an agreement c. All of the above d. None of the above