Illegal immigration positively contributes to the U.S. standard of living by reducing:
A. the fiscal burdens of state and local governments.
B. the average wages of domestic-born workers.
C. crime rates.
D. prices of goods and services produced with illegal immigrant labor.
Answer: D
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The difference between consumption spending and disposable income _____
a. decreases as income increases b. stays proportionally the same as income increases c. decreases if the interest rate increases d. equals the amount of taxes paid e. equals saving
Supplies of drinking water depend on
a. ground water b. surface water c. water resources protected by the Clean Water Act d. all of the above e. none of the above
In the Ricardian model, wages are equal across industries because:
a. employers care for their workers. b. workers prefer to work in exporting industries. c. workers are freely mobile between industries. d. workers are freely mobile between countries.
In principle, a cap-and-trade program would
A) cause firms to generate more pollution than their allowed limits. B) cause firms to generate less pollution than their allowed limits. C) raise the production costs of all firms. D) lower the production costs of all firms.