Answer the following statements true (T) or false (F)
1) The existence of "beaten paths" tends to discourage immigration because of the perception
that job prospects have been exhausted.
2) Other things equal, younger workers are more likely to migrate than older workers.
3) Welfare payments to immigrants have steadily increased since 1996.
4) Welfare reform in 1996 reversed the trend of growing welfare payments to immigrants.
1) F
2) T
3) F
4) T
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Today John says: "I will start working out tomorrow." Yet, as tomorrow arrives he doesn't. This is an example of
A) time inconsistent preferences. B) time consistent preferences. C) exponential discounting. D) future-biased preferences.
The absolute value of the slope of the production possibilities curve is the
A. marginal rate of substitution. B. contract curve. C. offer curve. D. Engel curve. E. marginal rate of transformation.