Which of the following is least likely to affect the net gain to migration?
A. an increase in migration costs
B. changing one's preferences for living in different places
C. an improvement in economic opportunities in the source state
D. an improvement in economic opportunities in the destination state
E. a general increase in the national price level
Answer: E
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Using the midpoint method for calculating the price elasticity of demand, you get the same elasticity of demand between two points, whether you are moving up the demand curve or down it
a. True b. False Indicate whether the statement is true or false
Consider an economy that only produces steel and shoes; steel is capital intensive and shoes are labor intensive. How will emigration of labor from this economy affect the marginal productivity of labor?
a. It will fall. b. It will not change. c. It will rise. d. It will fall in the short run and rise in the long run.
A low concentration ratio would most likely indicate
A. a low degree of oligopolization. B. that the industry measured is a monopoly. C. that the industry measured is a perfect competitor. D. None of the choices are true.
For the United States, what is money based on the transactions approach to measuring money?
What will be an ideal response?