Which of the following is a true statement about recent immigrants to the U.S.?
a. Approximately one-third of immigrants over 25 lack a high school diploma.
b. Nearly half of immigrants are from various countries in Asia.
c. Approximately two-thirds of immigrants are employed in high-tech jobs.
d. Most immigrants have the education and skills of the existing U.S. population.
a. Approximately one-third of immigrants over 25 lack a high school diploma.
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Euler's theorem implies that if a production function exhibits constant returns to scale, then:
A. economic profit is zero. B. accounting profit is zero. C. the marginal product of labour equals the real wage. D. the marginal product of capital equals the real interest rate.
On a big weekend of college football in 2010, the Associated Press found fans… who said they are making concessions yet determined to indulge their passion
"We basically let the wife and children not eat for a week so we can do this," joked Neil Plotkin, who was attending his first Penn State game. If Neil's marginal rate of substitution between weeks of food and his first Penn State game is 1, what do you predict the marginal rate of substitution between food and subsequent Penn State games is for Neil? A) less than one B) greater than one C) equal to one D) cannot determine without knowing Neil's income