Assume that an economy is in equilibrium when the arrival of immigrants causes an increase in the supply of labor.
Once the economy has adjusted to its new equilibrium, and assuming that the supply of capital remains unchanged, which of the following has decreased? A) the share of capital income in national income
B) the share of labor income in national income
C) national income
D) the rental price of capital
E) none of the above
Question 2
Refer to Figure 16.1. A decrease in the real price of capital goods is best represented by a movement from
A) point A to point B.
B) point B to point A.
C) point A to point C.
D) point C to point A.
Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher.
North America and the Global Economy
Migration and Global Economy