Immigration tends to lower the income of all factors of production. True or false.
Indicate whether the statement is true or false
Question 2 - Which of the following is true about the distribution of income in the U.S. in the last three decades?
A) For much of this period real wages paid to college graduates have risen significantly.
B) Real wages paid to blue-collar workers have grown only slightly.
C) There has been a shift in the distribution in income across various segments of the economy, with the real earnings of the richest in America rising to record levels.
D) All of the above are true.
Question 3 - Adopting the Single European Act had broad popular support; the Treaty on European Union was more controversial.
Indicate whether the statement is true or false
Question 4 - Given the information in the table above, Home's opportunity cost of cloth is
A) 0.5.
B) 2.0.
C) 6.0.
D) 1.5.
E) 3.0.
Question 5 - An imperfectly competitive firm has the following demand curve: Q = 100 - 2P. What is marginal revenue equal to when P = 30?
What will be an ideal response?
Question 6 - Which trade strategy have developing countries used to restrict imports of manufactured goods so that the domestic market is preserved for home producers?
A) international commodity agreement
B) export promotion
C) multilateral contract
D) import substitution
E) export subsidies
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