Author Question: One of the major impacts of restricting immigration is that the: a. prices of the products produced ... (Read 73 times)

Sufayan.ah · **on:** Jun 30, 2018

One of the major impacts of restricting immigration is that the:
a. prices of the products produced by unskilled laborers will decline.
b. prices of the products produced by unskilled labor will increase.
c. supply of labor in agriculture will increase.
d. supply of labor in the industrial sector will rise.
e. government's expenditure on education and health will rise.

Question 2

When economists speak of the short run, they are referring to _____.
a. a specific period of time, usually less than one year
b. a specific period of time, more than one year, but less than two years
c. a specific period of time just long enough that the quantities of all resources can be varied
d. a period of time short enough that the quantities of at least one of the resources cannot be varied
e. a period of time short enough that none of the quantities of the resources can be varied