When the Bretton Woods system was set up, the United States agreed initially to buy and sell gold at a price of ________ per ounce

According to the law of demand, when will higher corn prices reduce the quantity demanded of corn?

a. Always. b. When the supply of corn is fixed. c. When nonprice determinants, like income and the number of buyers, are unchanged. d. When there are no shortages or surpluses of corn.

Answer the following statements true (T) or false (F)

1. In recent years, immigration has contributed an insignificant amount to the U.S. population growth. 2. The main driver of economic immigration is the opportunity to improve earnings and living standards. 3. The majority of international migrants move to countries relatively close to their home countries because close proximity reduces the cost of the move relative to anticipated benefits. 4. Other things equal, larger wage differences between nations tend to increase the flow of immigration toward the country with higher wage opportunities.