Summarize the main research conclusions found by prominent economists on the economic effects of immigration
What will be an ideal response?
The research conclusions from prominent economists on the economic effect of immigration indicate that the wages of low-educated native-born workers are reduced and that the salaries of some highly trained native-born workers may also be negatively influenced by immigration. The overall effect on average wages is, however, less clear as some studies find a positive effect on average wages while other research indicates that immigration may have a negative effect of up to 3 percent on average wages.
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If Jacqueline is willing to accept $1 for a cupcake and Jameson is willing to pay $3 for a cupcake, the cooperative surplus will ________ if the negotiated price is $1.50 as opposed to $2.00
A) increase B) decrease C) not change D) All of the above are possibilities.
Which of the following is NOT true about the aggregate demand curve?
A) The production possibilities curve determines the slope of the aggregate demand curve. B) The aggregate demand curve shows total planned real expenditures at different price levels. C) Changes in the economic conditions in other countries will lead to a shift of the aggregate demand curve. D) The aggregate demand curve considers the entire circular flow of income.