Native-born workers may not be harmed by immigration if it:
A. Reduces wages and labor demand is inelastic
B. Reduces the rate of return on capital
C. Increases the rate of return on capital
D. Causes production costs to rise
C. Increases the rate of return on capital
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A movement from an upper point to a lower point on the Phillips curve shows
A. decrease in the inflation and decrease in the unemployment. B. increase in the inflation and decrease in the employment. C. increase in the inflation and increase in the employment. D. decrease in the inflation and increase in the unemployment.
Capital is a factor of production. Which of the following is an example of capital?
i. $1,000 in money ii. 100 shares of Microsoft stock iii. $10,000 in bonds issued by General Motors iv. a drill press in your local machine shop A) i and ii B) ii only C) iv only D) iii only E) ii and iii
Refer to Table 20.1. The income tax paid by George, a single taxpayer with an income of $65,000, is
A) $11,100. B) $14,745. C) $15,345. D) $17,550.
The figure above shows a natural monopoly that the government must regulate. If the government uses ________, the firm produces ________ units per week
A) the HHI; 50 B) an average cost pricing rule; 30 C) rate of return regulation; 40 D) social interest regulation; 30 E) a marginal cost pricing rule; 20