The relationship between the price level and net exports is:
A. negative.
B. positive.
C. perfectly correlated.
D. uncorrelated.
A. negative.
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Refer to the below graph of the market for low-skilled labor. Sd is the supply of domestic resident workers, and St is the total supply of labor including undocumented workers. If there are illegal immigrants in the market, how many illegal immigrants will be employed?
A. 15M
B. 120M
C. 135M
D. 22M
Cities and towns frequently establish fire departments because fire-fighting is viewed as a merit good
Indicate whether the statement is true or false
Since a tax imposed on buyers of a product only affects demand, such a tax has no impact on sellers in that market
a. True b. False Indicate whether the statement is true or false
Arbitrage occurs when:
A. bond and stock rates of return equalize. B. investors try to profit from selling a lower rate of return asset to buy one that is nearly identical but with a higher rate of return. C. rates of return across all stocks equalize. D. investors move from lower to higher rate of return assets, regardless of the comparability of the assets.