Which of the following helps explain why more people don't immigrate to rich countries?
A. The strain of leaving some family behind is too stressful.
B. Educational degrees are not recognized.
C. The language barrier is too great.
D. It's difficult due to the immigration restrictions of rich countries.
Answer: D
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The slope of the budget constraint line is the
A) income of consumers divided by the price of each good. B) ratio of this year's income to last year's income. C) rate of exchange between the two goods. D) ratio of different levels of income.
Government purchases include spending on ________.
A. government purchases of final goods only B. government purchases of final goods, government salaries, and transfer payments C. government salaries only D. government purchases of final goods and government salaries
In the figure above, originally the apartment rental market is in short-run and long-run equilibrium with a rent of $600 per month. Then the government imposes a rent ceiling of $500 per month. The loss of producer surplus
A) is smaller than the gain in consumer surplus. B) is larger than the gain in consumer surplus. C) is the same size as the gain in consumer surplus. D) could be smaller than, larger than, or the same size as the gain in consumer surplus.
Suppose a banking system has $120 million in deposits, a required reserve ratio of 20 percent, and total bank reserves for the whole system of $100 million. Then the potential increase in deposit creation for the whole system is equal to
A. $0. B. $76 million. C. $380 million. D. $120 million.