Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) The migration of labor from low-income country B to high-income country A will:

Explain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy’s marginal propensity to consume is .75. How does this discretionary fiscal policy differ from a discretionary increase in government spending of $40 billion?

What will be an ideal response?

Which of the following best expresses the attitude toward competition of a firm engaged in tacit collusion with its rivals?

A. A rolling stone gathers no moss. B. Waste not, want not. C. Do unto others as you would have them do unto you. D. Ask, and ye shall receive.