Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 100 and that it is 150 in country B.) Domestic output in country A will, after immigration:
A. Decrease by $50M
B. Decrease by $150M
C. Increase by $50M
D. Increase by $150M
B. Decrease by $150M
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The second welfare theorem says that, regardless of how we redistribute endowments in an economy, we still get the same competitive equilibrium if markets are permitted to operate.
Answer the following statement true (T) or false (F)
The Federal Reserve ________ pay interest on reserves held on deposit. The European System of Central Banks ________ pay interest on reserves held on deposit
A) does; does B) does; does not C) does not; does D) does not; does not
The European Union policy almost automatically presumes that a single firm with a market share that exceeds ________ percent is dominant.
A) 30 B) 50 C) 75 D) 80
The distinction between a normal and an inferior good is
A. when income increases, demand for a normal good decreases while demand for an inferior good increases B. normal goods are used for the same purposes while inferior goods are used together C. when income increases, demand for a normal good increases while demand for an inferior good falls D. normal goods are used together while inferior good are used for the same purposes