A relaxation of U.S. immigration laws and regulations would
a. further reduce wages in poorer countries
b. turn some permanent resource differentials into temporary ones
c. increase the demand for labor in the United States
d. turn some temporary resource differentials into permanent ones
e. increase the supply of labor in poorer countries
B
Economics
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As rational consumers, you attempt to maximize utility by allocating your time so that the expected marginal utility of the last unit of time spent in each activity is different
Indicate whether the statement is true or false
Economics
The demand curve for the product of a perfectly competitive firm is
A) perfectly elastic. B) perfectly inelastic. C) elastic at high prices and inelastic at low prices. D) identical to the elasticity of demand on the market demand curve.
Economics