« previous next »

Author Question: Assume that an economy is in equilibrium when the arrival of immigrants causes an increase in the ... (Read 28 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
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.


vkodali

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
To increase pressure using body weight, lean on your client. To increase pressure using body weight, lean on your client.
Increase in rainfall on continents Increase in rainfall on continents
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
The Hardy–Weinberg equilibrium for autosomal genes The Hardy–Weinberg equilibrium for autosomal genes
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library