Cross-sectional analysis of age-earnings profiles of natives and immigrants in the United States tends to reveal that immigrants earn
A. the same on average as natives at all ages.
B. lower wages on average than natives at all ages.
C. lower wages on average than natives at young ages but earn equivalent to natives by age 45 and thereafter.
D. about 10% more on average than natives at young ages but this premium disappears by age 45 and thereafter.
E. lower wages on average than natives at young ages but earn about 10% more than natives by age 45 and thereafter.
Answer: E
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If velocity does not change and the quantity of money grows at the same rate as does real GDP, then in the long run
A) the real interest rate is less than the nominal interest rate. B) the inflation rate equals zero. C) the nominal interest rate equals zero. D) the inflation rate equals the growth rate of the quantity of money. E) the nominal interest rate is less than the real interest rate.
Increased productivity of workers in manufacturing has
a. increased employment in manufacturing. b. increased employment in agriculture. c. decreased employment in agriculture. d. decreased employment in services. e. increased employment in services.