One generally recognized positive effect of illegal immigrants is:
A. Lower costs of products and thus lower prices for consumers
B. Higher demand for social services
C. Reduced average wage rates for workers in some sectors
D. Positive effects on national defense
A. Lower costs of products and thus lower prices for consumers
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If a monopoly's Lerner Index exceeds 1, then
A) it is earning maximum profit. B) it has ultimate market power. C) it must be pricing below marginal cost. D) marginal revenue is negative.
The sum of payments made to resource owners for the use of their resources is:
a. gross domestic product. b. net domestic product. c. national income. d. personal income. e. disposable personal income.
The Consumer Price Index is based on the price level of a basket of goods and services that represents the purchases of an average consumer
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of Walmart's "pull" factor?
A. a Super Kmart tries to go head-to-head with Walmart B. a new Starbucks locates near the Walmart C. a new Starbucks locates across town D. an IGA store tries to go head-to-head with Walmart