2. Current Immigration Policy - This paper must have the following side headings: a. Timeline of U.S
Hi can you help me find good sources where I can find information for this research paper. 2. Current Immigration Policy - This paper must have the following side headings: a. Timeline of U.S. Immigration Policy b. The Dream Act, D
If the total utility derived from consuming three oysters was 40 utils and the total utility derived
If the total utility derived from consuming three oysters was 40 utils and the total utility derived from consuming four oysters was 62 utils, what was the marginal utility derived from the consumption of the fourth oyster?
FICA is a payroll tax imposed on employers and workers that is used to fund Social Security and ...
FICA is a payroll tax imposed on employers and workers that is used to fund Social Security and Medicare. Which of the following statements regarding the tax is true? A) Employers are required to pay a greater share of the tax than workers but most
A key aspect of the principal-agent problem is that
A key aspect of the principal-agent problem is that A) the principal cannot perfectly monitor the agent's actions. B) the principal can perfectly monitor the agent's actions. C) the output level does not depend on the agent's actions. D) the principa
We can say that a contract is able to prevent moral hazard when
We can say that a contract is able to prevent moral hazard when A) it eliminates production inefficiencies due to moral hazard without shifting risk to risk-averse people. B) it eliminates production inefficiencies due to moral hazard without shiftin
The wage of a known high-quality worker, wh, is $10,000. The wage for a known low-quality worker, ...
The wage of a known high-quality worker, wh, is $10,000. The wage for a known low-quality worker, wl, is $4,000. The share of the work force that is of high quality, s, is 0.5. For what value of the cost, c, of a college education that serves only as
In a labor-market separating equilibrium with high-skill and low-skill workers and where a costly ...
In a labor-market separating equilibrium with high-skill and low-skill workers and where a costly educational degree is used solely as a signal device, we can say that A) education is socially inefficient because it is costly and provides no useful
In a labor-market pooling equilibrium with high-skill and low-skill workers and where a costly ...
In a labor-market pooling equilibrium with high-skill and low-skill workers and where a costly educational degree is used as a signaling device, A) the high-skill workers' wage is larger than the low-skill workers' wage. B) the low-skill workers' wag
A necessary condition for a separating equilibrium when workers can use education as a signal of ...
A necessary condition for a separating equilibrium when workers can use education as a signal of their ability is A) the high-ability wage is larger than the sum of the degree cost plus the low-ability wage. B) the cost of a degree is larger than the
Government mandated safety standards within firms A) will always decrease efficiency. B) can increase efficiency by avoiding a prisoner's dilemma outcome. C) are unnecessary because of asymmetric information. D) will create unfair competition among f
The WWQX Co. sells shirts. Shirts with the company label on the tag are perceived to be of higher ...
The WWQX Co. sells shirts. Shirts with the company label on the tag are perceived to be of higher quality than shirts with the store's label. Yet, shirts are of identical quality regardless of the label. The demand for perceived high-quality shirts i
Signals may prevent adverse selection if A) sending a false signal is cheap for the agent. B) sending a false signal is costly for the agent. C) agents as rational. D) signals are as good as cheap talk.
Suppose that everyone is risk neutral and buyers cannot identify the lemons. The expected value of a ...
Suppose that everyone is risk neutral and buyers cannot identify the lemons. The expected value of a used car is $8,000. No good cars will be sold in this market A) unless the sellers of good cars place a value greater than $8,000 on their cars. B)
A market equilibrium with symmetric information is efficient because
A market equilibrium with symmetric information is efficient because A) low-quality goods are not sold. B) consumers pay higher prices for lemons. C) sellers only offer high-quality goods. D) the goods go to the people who value them the most.
What could be a potential explanation for a firm selling virtually identical products under different brands?
What could be a potential explanation for a firm selling virtually identical products under different brands? A) Consumers are well informed about the quality of the products. B) Consumers believe that the products' quality is similar and thus firms
Which of the following is an example of a hidden characteristic?
Which of the following is an example of a hidden characteristic? A) After purchasing life insurance, Billy joins the bomb squad. B) Only the owner knows about her car defects. C) Bobby let his employer know about his college degree. D) Sally provides
Suppose 10 citizens each derive marginal benefit from traffic lights according to the function MB = ...
Suppose 10 citizens each derive marginal benefit from traffic lights according to the function MB = 10 - Q. If traffic lights cost $10 each to produce, what is the efficient quantity of traffic lights? A) 9 traffic lights B) 12 traffic lights C) 8 t
The median voter votes yes for a project if A) the value of the project for him is larger than the tax he needs to pay. B) the value of the project for him is smaller than the tax he needs to pay. C) the total benefits are positive. D) the total cos
If the median voter voted against a project, we can infer that
If the median voter voted against a project, we can infer that A) at least half of the voters also voted against it. B) at most a third of the voters voted against the project. C) the project was approved. D) at least half of the voters voted in favo
The Commons Problem could be addressed by A) charging a fee proportional to the use of the common property. B) charging a fee unrelated to the use of the common property. C) charging no fee. D) prohibiting the use of the common property.
In which of the following situations would the Coase theorem more likely to be applied?
In which of the following situations would the Coase theorem more likely to be applied? A) Two neighbors: a farmer and a beekeeper. B) Highway drivers and the dwellers of neighborhoods crossed by the highway. C) A railroad and its adjacent land owner
Which of the following is an example of internalizing an externality?
Which of the following is an example of internalizing an externality? A) a paper mill that spends money removing the pollution it generated B) a neighbor leaving lots of trash in his front yard C) a student receives $15 for each bright question asked
Which of the following policies addresses the problem posed by positive externalities?
Which of the following policies addresses the problem posed by positive externalities? A) a subsidy to the agent that generates the positive externality B) a tax on the agent that generates the positive externality C) limit the activity that generate
A zero pollution level is NOT achievable because A) corporations would lobby against it. B) it implies no production and no consumption. C) it implies an output level larger than that from a competitive market equilibrium. D) consumption would be lar
Your new neighbor does not mow his lawn or prune the trees in his front yard. As a result, your ...
Your new neighbor does not mow his lawn or prune the trees in his front yard. As a result, your house value decreases. Your neighbor generated A) a negative externality. B) a positive externality. C) no externality. D) a non-rival good.
A student that asks interesting questions during the lecture generates
A student that asks interesting questions during the lecture generates A) positive externalities. B) no externalities. C) negative externalities. D) an excludable good.
The certainty effect occurs when people put ________ weight on outcomes that they consider to be ...
The certainty effect occurs when people put ________ weight on outcomes that they consider to be ________ relative to ________ outcomes. A) excessive; certain; risky. B) low; certain; risky. C) low; recurring; rare. D) excessive; risky, certain.
Janet prefers to implement a public policy that can save 100 people out of 1,000 people than a ...
Janet prefers to implement a public policy that can save 100 people out of 1,000 people than a policy that has a 10% chance of saving 1,0000 people. Once can say that Janet's preferences A) do not support the expected utility theory. B) are not ratio
Which of the following evidence does NOT support the expected utility theory?
Which of the following evidence does NOT support the expected utility theory? A) People assign disproportionately high weights to rare events. B) Risk-averse people do not engage in fair bets. C) Risk-loving people do not purchase insurance policies.
Michelle invested $50 in a project that has a 40% chance of being worth $80 and a 60% chance of ...
Michelle invested $50 in a project that has a 40% chance of being worth $80 and a 60% chance of being worth $20. One can conclude that Michelle is A) risk averse. B) risk neutral. C) risk loving. D) extremely wealthy.
Fair insurance is a contract between an insurer and a policyholder in which.
Fair insurance is a contract between an insurer and a policyholder in which. A) the value of the contract to the policyholder is negative. B) the value of the contract to the policyholder is zero. C) the risk of the contract to the policyholder is d
You purchased two stocks that are perfectly negatively correlated.
You purchased two stocks that are perfectly negatively correlated. A) Your portfolio is well diversified, so you should face no risk whatsoever. B) Even though you diversified the idiosyncratic risk away, your portfolio is still affected by systemic
When insurance companies offer fair insurance, A) risk-averse agents always purchase it. B) risk-neutral agents never purchase it. C) risk-loving agents always purchase it. D) nobody would purchase fair insurance.
Risk premium is the ________ amount that a ________ person would pay to avoid ________.
Risk premium is the ________ amount that a ________ person would pay to avoid ________. A) maximum; risk-averse; taking a risk B) maximum; risk-neutral; losing everything C) minimum; risk-averse; taking a risk D) minimum; risk-loving; losing everythi
Jill's utility from an additional dollar increases more when she has $400 than when she has $200. ...
Jill's utility from an additional dollar increases more when she has $400 than when she has $200. From this, we can conclude that Jill A) has an increasing marginal utility of wealth. B) has a decreasing marginal utility of wealth. C) is risk neutral
Which of the following is a fair bet based on the toss of an unbiased coin?
Which of the following is a fair bet based on the toss of an unbiased coin? A) head: receive $5, tail: lose $5 B) head: receive $2, tail: lose $3 C) head: receive $0.5, tail: lose $1 D) head: lose $3, tail: lose $3
A share of a restaurant chain can be worth $2 with a probability of 0.40 and $10 with a probability ...
A share of a restaurant chain can be worth $2 with a probability of 0.40 and $10 with a probability of 0.60. What is the variance of the price of this share? A) 3 B) 5 C) 6 D) 8.5
