Which of the following groups were least likely to support restrictions on immigration?
a. Organizations like the Ku Klux Klan.
b. Unionized labor.
c. Employers.
d. The south.
c. Employers.
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A farmer who has fixed amounts of land and capital finds that total product is 24 for the first worker hired; 32 when two workers are hired; 37 when three are hired; and 40 when four are hired. The farmer's product sells for $3 per unit and the wage rate is $13 per worker. How many workers should the farmer hire?
A. 1 B. 2 C. 3 D. 4
What is the net present value of the investment?
a. $115.85 b. $1055.59 c. $1076.56 d. $346.78
In a constant cost industry, the cost curves of individual firms will shift upward as the industry output expands
a. True b. False Indicate whether the statement is true or false
If the economy is in short-run disequilibrium, an economist following classical theory would advocate that the Federal Reserve make appropriate changes in the:
a. federal funds rate. b. reserve requirement. c. none of these choices. d. money supply.