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Author Question: In the 1770s the per capita income in the colonies: a. was higher than the per capita income in ... (Read 52 times)

kamilo84

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on: Jun 30, 2018
In the 1770s the per capita income in the colonies:
 a. was higher than the per capita income in developing countries today.
  b. was significantly lower than the per capita income in England during the same period.
  c. was impossible to determine due to inaccurate and incomplete data.
  d. was lower than the current per capita income in developing countries..

Question 2

Assuming that (1) labor supply is perfectly inelastic (vertical), and (2) immigrants and skilled labor are complements, an increase in unskilled immigrant labor ___________ the real wages of unskilled labor and __________the real wages of skilled labor.
 a. increases; increases
  b. increases; decreases
  c. decreases; increases
  d. decreases; decreases


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k.lashomb

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a. was better than the quality of life in developing countries today.

Answer to Question 2

c. decreases; increases


kamilo84

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Reply 2 on: Jun 30, 2018
Gracias!

rachel

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Reply 3 on: Yesterday
Excellent

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