One effect of having access to cheap foreign goods can be to raise workers' real wages
a. True
b. False
Indicate whether the statement is true or false
True
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Total revenue decreases as the price of a good increases, if the demand for the good is
A. unitary elastic. B. elastic. C. inelastic. D. perfectly elastic.
Suppose that nominal interest rates double. As a result, the quantity of money doubles as well
Indicate whether the statement is true or false
Which of the following is not a barrier to entry that is created by government?
A) Economies of scale. B) Licenses. C) Regulatory restrictions. D) Patents.
Which of the following statements is most accurate about immigration in the 20th century?
a. The largest numbers of immigrants were during the "boom decades" like the 1920s, 1960s, and 1990s. b. The number of immigrants decreased from 1900 until the Great Depression, increased consistently between 1940 and 2000, and is now about the same as it was in 1900. c. Immigration was greatest during World War I and World War II as many people from around the world fled to the United States for safety. d. Immigration has decreased dramatically in the last 30 years as the federal government instituted more restrictions and cracked down on illegal immigration.