In general, the __________ the welfare payment, the __________ the incentive to find work.
a. higher, high
b. lower, lower
c. lower, higher
c. lower, higher
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Which of the following is not a cost of illegal immigration in the U.S.?
a. The adverse impact on unskilled workers b. The damage to national property caused during the process of immigration c. Additional expenditure on healthcare at emergency clinics and hospitals d. Expenditure on public education on the children of immigrants. e. Expenditure on employment insurance programs for the illegal immigrants.
Whenever the price of Good A decreases, the demand for Good B increases. Good A and B appear to be: a. complements. b. substitutes
c. inferior goods. d. normal goods.
In the national income accounts, new investment goods are considered
A. intermediate goods, and therefore, not counted. B. final goods. C. subtractions from final output. D. depreciated goods.
The U.S. recession of 2007-2009 provides a good example of:
A. demand-pull inflation. B. cost-push inflation. C. a recessionary expenditure gap. D. the repercussions of hyperinflation.