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.
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
To increase pressure using body weight, lean on your client.
Atmospheric pressure decreases with increase in altitude.
Links to the World Economy
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Kinesthesis and Equilibrium with skating