The distribution of income in the United States is
a. more concentrated than the distribution of income in other developed countries throughout the world
b. significantly more even than the distribution of income in other developed countries throughout the world
c. quite similar to the distribution of income in other developed countries throughout the world
d. significantly less even than the distribution of income in most developing countries
e. quite similar to the distribution of income in most developing countries
A
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Which of the following would one expect if there were no trade in goods but resources were free to move among countries?
a. Labor will immigrate from the capitalabundant country. b. Labor will emigrate to the capitalabundant country. c. Labor will emigrate to the capitalscarce country. d. Labor will immigrate from the capitalscarce country.
Assuming all else equal, if the price of each unit of capital rises, ________
A) a firm moves to a higher point along its labor demand curve B) a firm moves to a lower point along its labor demand curve C) a firm's labor demand curve shifts to the left D) a firm's labor demand curve shifts to the right