Public choice is concerned with decision making by

Even if expectations of inflation are rational, sluggish adjustment of wages and prices will still create a short-run trade-off between inflation and unemployment

Indicate whether the statement is true or false

Which of the following is not correct?

a. High-skilled immigration has many economic benefits. b. Each year in the United States, about one-third of the people earning a PhD. in science or engineering are foreign born. c. Low-skilled immigration lowers the earnings of native-born workers by 10-20 percent. d. Illegal immigrants may pay less in taxes, but they also are ineligible for many government benefits.