In the 1870s, roughly ___ percent of immigrants came from northern and western Europe; by 1910, more than ___ percent of the total came from southern and eastern Europe
a. 10; 10
b. 20; 80
c. 40 ; 60
d. 80; 80
d. 80; 80
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What impact do you think that the movement of women from working in the household to working in the market has had on GDP? Why? Do you think that this points to a problem with GDP?
What will be an ideal response?
Does the threat of entry reduce the monopoly problem?
What will be an ideal response?
Refer to the information provided in Figure 6.15 below to answer the question that follows.
Figure 6.15Refer to Figure 6.15. Why is Jason not maximizing his utility at point C?
A. He is not spending his entire budget. B. His marginal utility per dollar spent on the last sandwich is greater than his marginal utility per dollar spent on his last hot dog. C. His marginal utility per dollar spent on the last sandwich is less than his marginal utility per dollar spent on his last hot dog. D. He is maximizing his utility at point C.
The gap in GDP between the United States and Europe can be explained by the fact that
A) income taxes are higher in the United States. B) prices are higher in the United States. C) equilibrium employment is higher in Europe. D) the Okun Gap is larger in the United States. E) U.S. labor is more productive than European labor.