Economists use a model that is a literal description of business' behavior

The impact of immigration on an economy's steady state capital-labor ratio is reduced to the extent that the immigrants tend to ________ than the native population

A) save more B) have higher fertility C) have lower income D) be younger

In oligopoly, any action by one firm to change price, output, or quality causes

A) a reaction by other firms. B) no reaction from the other firms. C) a profit gain for the other firms. D) loss of market share by the acting firm.