Economists point out that the strong inflow of undocumented workers to some extent reflects the:
A. Increasing return to capital in the United States
B. Increasing scarcity of unskilled labor in other countries
C. More lenient immigration laws
D. Increasing scarcity of domestic unskilled labor in the United States
D. Increasing scarcity of domestic unskilled labor in the United States
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If Tom is participating in an open outcry English auction, he should ________
A) bid up to his maximum willingness to pay B) bid above his maximum willingness to pay C) bid below his value for the good being auctioned D) pay a fee to place a bid
Sue consumes apples and bananas. Suppose Sue's income doubles and the prices of apples and bananas do not change. Sue's budget line will
A) shift leftward and its slope will not change. B) remain unchanged. C) shift rightward and its slope will not change. D) shift rightward and become steeper.
When offered a bet at unfair odds, a risk-neutral individual will
a. not bet. b. bet everything on the outcome favored by the unfair odds. c. bet everything on the outcome not favored by the unfair odds. d. be indifferent about the amount that he bets.
________ recessions pose major macropolicy dilemmas.
Fill in the blank(s) with the appropriate word(s).