In the long run (the HO model), immigration will lead to:
a. an increase in the price of both the laborintensive and the capitalintensive goods in the receiving country.
b. an increase in the price of the laborintensive good and a decrease in the price of the capitalintensive good in the receiving country.
c. a decrease in the price of both the laborintensive and the capitalintensive goods in the receiving country.
d. no change in the price of either the laborintensive or the capitalintensive good in the receiving country
Answer: d. no change in the price of either the laborintensive or the capitalintensive good in the receiving country
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Refer to Figure 4-15. What is the size of the per-unit tax?
A) $2 B) $5 C) $7 D) $12
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a. The monopolist undersupplies the market and charges too high a price. b. The monopolist is a revenue maximizer not a profit maximizer. c. A monopolist has little incentive to produce efficiently (at a low cost). d. All of the above are true.
Voting power in the IMF is determined by
A. the population size of member states. B. the length of membership. C. the size of the member nation's trade surplus. D. the quota subscription size.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.