Answer the following statements true (T) or false (F)
1. All illegal immigrants enter the U.S. and arrive here illegally.
2. Current U.S. immigration law is heavily weighted toward family reunification.
3. There was a big spike in legal immigration into the U.S. in 1989-1991, resulting from an amnesty program through which many formerly illegal immigrants became legal residents.
4. In 2011, refugees comprised a bigger portion of total legal immigration into the U.S. than employment-based immigrants.
1. F
2. T
3. T
4. T
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If a lender expects inflation to be 5 percent, and after a loan is made, actual inflation is 10 percent, which of the following will be true?
a. The lender will receive a lower real interest rate than he expected. b. The loan will be repaid with dollars that are worth more than the lender expected. c. The nominal rate of interest can be expected to fall in the future. d. The lender will gain at the expense of the borrower.
The United States has developed a comparative advantage in digital computers, airliners, and many prescription drugs. The source of its comparative advantage in these products is
A) a favorable climate. B) technology. C) abundant supplies of natural resources. D) a strong central government.