Immigration tends to lower the income of all factors of production. True or false

Indicate whether the statement is true or false

False. Immigration tends to lower the wages of workers who substitute directly for the immigrants. Non-competing factors would tend to gain.

Economics

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When accounting profits are negative, economic profits

A) must be positive. B) will be negative. C) will equal zero. D) could be positive, negative or zero.

Economics

LIBOR rate is

A) interbank loan rate. B) the riskless rate. C) TED spread. D) discount rate.

Economics