"Backflows" occur when:
A. two countries send immigrants to each other in approximately equal numbers.
B. physical capital flows into a country that has lost labor due to migration.
C. immigrants send financial payments back to family in their country of origin.
D. migrants return to their home country.
Answer: D
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Which of the following may be used by a plumber's union or a medical professional association to restrict membership?
a. all of the following are correct b. long apprenticeship periods c. difficult qualification exams d. stringent education standards e. high initiation fees
Refer to Table 7.1. What is the marginal product of the 6th worker?
A. 1 unit of output
B. 6 units of output
C. 22 units of output
D. 23 units of output
A market demand curve reflects the
A) marginal private benefits of consuming a product. B) external benefits of consuming a product. C) marginal social benefits of consuming a product. D) sum of private and social benefits of consuming a product.
A government wants to reduce electricity consumption by 5%. The price elasticity of demand for electricity is -0.5. The government must ________ the price of electricity by ________.
A. raise; 10.0% B. raise; 1.0% C. lower; 0.5% D. raise; 0.1%