Americans who benefit from immigration include
a. firms that hire immigrants.
b. workers whose skills are complementary with immigrants' skills.
c. consumers who purchase goods produced using immigrants labor.
d. property owners who own land in immigrant neighborhoods.
e. All of the above.
e. All of the above.
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In the classical model, aggregate demand and aggregate supply will
A) not exist. B) intersect at the point of full employment. C) intersect at less than full employment. D) not intersect.
An individual is currently 30 years old, wants to work until the age of 65 and plans on dying at the age of 85. How much will the individual need to have saved by the time he or she is 65 if he or she plans on spending $40,000 per year while retired? You can assume the individual can earn an interest rate of 5.0% and the $40,000 is in addition to any Social Security that may be received.
What will be an ideal response?
Consider the economic impact of Hurricane Florence in 2018. Which of the following statements is correct?
A. Spending toward reconstruction would lead to an increase in GDP. B. Increased government spending on relief efforts in the United States would decrease GDP. C. Damaged buildings and looting would lead to a decrease in GDP. D. U.S. well-being improves the more reconstruction efforts are needed, following the decline in GDP.
In Figure 4.1, the demand curve that is perfectly elastic is on graph:
A. A. B. B. C. C. D. D.