Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 100 and that it is 150 in country B.) What part of domestic output in country A is the total wage bill before and after the immigration?
A. $500M before and $800M after
B. $500M before and $100M after
C. $400M before and $100M after
D. $400M before and $500M after
A. $500M before and $800M after
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Puerta Vallarta International Airport is near the coast. At night planes take off and land from the west, over the water. During the day planes approach and leave from the east, over Puerta Vallarta neighborhoods. Night flights into and out of Puerta Vallarta are more dangerous than day flights. Which rights are in conflict in this situation?
a. residents' right to enjoy the ocean and their right to peace and quiet b. residents' right to enjoy the ocean and air passengers' right to enjoy the ocean c. residents' right to peace and quiet and air passengers' right to safety d. residents' right to peace and quiet and safety e. air passengers' right to safety and convenience
By making involuntary exchanges illegal,
a. criminal law eliminates such exchanges b. tort law contributes to economic efficiency c. criminal law channels energies into activities that benefit everyone d. criminal law reduces producer surplus while increasing consumer surplus e. antitrust law contributes to monopolization of markets