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.
A comparison of gradualism and punctuated equilibrium.
An 1891 cartoon blames immigrants for the ills of American society: anarchy, socialism, mayhem, and
As immigrants assimilate into a new culture, they learn and adapt new customs. This photo was taken ...
Compression used to increase circulation when the athlete is clothed.
Greenhouse gases increase in the stratosphere
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately