The basic conservative solution to welfare dependency is _____________________.
Fill in the blank(s) with the appropriate word(s).
forcing people off welfare
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Without productivity growth, what is the long run the effect of labor migration?
a. There will be an increase in production in the sector using labor (or capital) intensively. b. There will be clear gains to owners of capital versus labor. c. There will be clear gains to labor versus owners of capital. d. There will be a shift of world resources toward the highincome nations.
In the absence of an even-handed legal system, high transaction costs will eliminate many potential mutually advantageous trades and the accompanying gains from
a. division of labor and specialization. b. expansion in the size of the market. c. economies of scale resulting from use of mass production methods. d. all of the above.