Which of the following is an impact of the restriction on immigration on the domestic firms?
a. The domestic firms would produce more and reap greater profits.
b. The domestic firms would hire more unskilled laborers at lower wages.
c. The domestic firms would charge low prices for their products.
d. The domestic firms would have to pay higher wages and make less profit.
e. The domestic firms would make above normal profits in the long run.
d
You might also like to view...
An increase in the corporate profits tax will most likely lead to
a. a decrease in the rental rate of capital in the corporate sector. b. no change in the rental rate of capital in the corporate sector. c. no change in the rental rate of capital in the non-corporate sector. d. an increase in the rental rate of capital in the corporate sector.
Which act of Congress declared tying contracts, exclusive dealing, and price discrimination illegal?
a. Celler-Kefauver Act. b. Sherman Antitrust Act. c. Clayton Act. d. Robinson-Patman Act.