________ is the incremental cost generated by moving from one feasible alternative to the next feasible alternative
A) Total cost
B) Indirect cost
C) Marginal cost
D) Differential cost
C
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Given the consumption function C = $500 billion + 0.80Y, an increase in disposable income from $6,000 billion to $7,000 billion will cause consumption to increase by:
a. $800 billion. b. $1,000 billion. c. $1,300 billion. d. $1,500 billion. e. $1,800 billion.
The H1-B provision of immigration law:
A. allows 65,000 high-skilled workers in specialty occupations to enter and work in the United States for six years. B. raised U.S. annual immigration quotas from 500,000 to 700,000. C. established a lottery for the admission of diversity immigrants into the United States. D. provided amnesty to over one million illegal immigrants in 1989-1991, allowing them to become legal citizens of the United States.