U.S. immigrants are less likely to be working than immigrants in other developed countries
a. True
b. False
Indicate whether the statement is true or false
False
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Capital refers to
A. manufactured goods used to produce other goods or services. B. the work and time for which employees are paid. C. natural resources as well as "man"-made goods. D. the person who assembles the needed resources to start a business.
When statisticians fail to take into account improvements in the quality of goods and services, the CPI will tend to ________ the rate of inflation.
A. understate B. be unrelated to C. precisely measure D. overstate
When the rate of interest in the economy increases
A) real Gross Domestic Product (GDP) will increase. B) the market price of existing bonds will fall. C) the asset demand for money will increase. D) the transaction demand for money will increase.
How is it that economists can claim that perfectly competitive markets give people what they want?
What will be an ideal response?