In 2007, remittances from illegal immigrants in the United States to Mexico
A. continued to rise despite increased crackdowns on illegal immigration.
B. continued to rise because of the decrease in enforcement of immigration laws.
C. began to fall because of increased crackdowns on illegal immigration.
D. began to fall despite a decrease in enforcement of immigration laws.
Answer: C
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If three residential cleaning service companies agree to reduce the number of homes they clean each month in an effort to raise the price for the service, this is an example of ________.
A) output restrictions B) monopolization C) resale price maintenance D) market division
The measure most commonly used by economists to gauge the standard of living of a nation is: a. labor productivity
b. nominal GDP. c. real GDP. d. real GDP per capita.
Labor resources include
a. only physical exertion b. only the resources used in the production of other resources c. only skilled labor d. both physical and mental exertion e. the expenditure of people's effort in producing goods, but not services
If the spending multiplier is 8, then the marginal propensity to consume must be 7/8
a. True b. False Indicate whether the statement is true or false