Which of the following statements is most accurate about welfare utilization by immigrant and nonimmigrant households (households with minor children) in 2009?
A. Over half of immigrant households received some form of welfare, while less than half of
nonimmigrant households received assistance.
B. Over half of nonimmigrant households received some form of welfare, while less than half
of immigrant households received assistance.
C. Households headed by an illegal immigrant were less likely (as a percentage of
households) to receive some form of welfare than legal immigrant and nonimmigrant
households.
D. Immigrant and nonimmigrant households have similar rates of welfare utilization.
Answer: A
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Refer to Table 11.1. If exports decrease by 30, what is the new equilibrium level of output?
A) 1,700 B) 2,300 C) 6,800 D) 9,200
A group of firms, operating in collusion, incur costs of production of $15 per unit. The price that currently maximizes their profit is $19 . Knowing that potential competitors could enter the market with production costs of $17 per unit, what price are the colluders likely to charge? Why?
Unemployment that occurs when there are not enough jobs for the number of people in the labor force is referred to as:
A. Frictional unemployment. B. Structural unemployment. C. Cyclical unemployment. D. Seasonal unemployment.
What consumer surplus is received by someone whose willingness to pay is $35 below the market price of a good?
A. $35 B. ($35 x P*) C. $0 D. None of these is correct.