According to Thomas (1954), increased immigration provided incentive to invest in capital that was
(a) labor-using, resulting in capital widening.
(b) labor-using, resulting in capital deepening.
(c) labor-saving, resulting in capital widening.
(d) labor-saving, resulting in capital widening.
(a)
You might also like to view...
Under Section 2 of the Sherman Act,
a. firms cannot act in ways that increase prices b. contracts between parties are deemed binding c. firms cannot operate in perfectly competitive markets d. firms that earn short-run profits face penalties e. a firm cannot attempt to monopolize an industry
The "broken window fallacy"
a. explains why inflation is so high. b. is a justification for the government to print more money. c. is illustrated when a government program is justified not on its merits but on the number of jobs it will create. d. has nothing to do with public policy.