The largest overall recipients of remittances are:
A. China and India, which each get more than $5 billion per year.
B. China and India, which each get more than $50 billion per year.
C. Chile and Mexico, which each get more than $50 billion per year.
D. Chile and Mexico, which each get more than $5 billion per year.
Answer: B
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A number of studies of the effect of immigration on U.S. wages has found:
a. no effect on wages of any educational group. b. significant rises in wages for those without a high school diploma and for college graduates but a negative impact for high school graduates and those with some college education. c. significant declines in wages for those without a high school diploma and for college graduates. d. no effect on other groups but significant declines in wages for high school graduates and those with some college
Refer to Figure 4-3. If the market price is $3.50, what is the consumer surplus on the first ice cream cone?
A) $0 B) $0.50 C) $3.50 D) $9.00