Author Question: Assume that an economy is in equilibrium when the arrival of immigrants causes an increase in the ... (Read 55 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
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
Answer to Question 1

E

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

For a complete list of videos, visit our video library