In the two-country model of international labor mobility
A) the effect of migration is to cause real wages in the two countries to converge.
B) the effect of migration is to cause real wages in the two countries to diverge.
C) labor has only limited international mobility.
D) the long-run equilibrium global real wage is equal to the lesser of the pre-migration wages in the two countries.
E) the long-run equilibrium global real wage is equal to the greater of the pre-migration wages in the two countries.
A
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Local property taxes are a
A. Progressive tax because the total tax on housing increases as the price of the house increases. B. Progressive tax because as income increases people tend to buy more expensive houses. C. Regressive tax because poorer people spend a larger portion of their income on property taxes. D. Proportional tax because properties are taxed at the same rate regardless of the value of the home.
Elected government officials ________ support ________ monetary policies
A) always; contractionary B) tend to; expansionary C) always; expansionary D) tend to; contractionary
There has been a downward trend in the United States since 1980 in the ambient concentrations of
a. sulfur dioxide. b. carbon monoxide. c. lead. d. all of the above.
Real-world market structures tend to be:
A. monopolies. B. perfectly competitive. C. oligarchies. D. between monopolistically competitive and oligopolistic.