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The mainstream economic view of immigration will predict: a) decreasing border security to make it easier to come to the United States will decrease unauthorized immigration of family members. b) that countries whose location is farther from the United States will have more immigration to the United States. c) that countries whose income gap with the United States is smaller will have less immigration to the United States. d) that countries whose income gap with the United States is larger will have less immigration to the United States.
A firm has fixed cost of 2,000.Its short-run production function is y+4X and one-half, where x is the amount of variable factor it uses. The price of the variable factor is $3,000 per unit. Illustrate where y is the amount of output the short-run..
Assume that products A and B are produced in competitive markets by different firms and are close substitutes. How would an increase in the price of product A affect the price of product B, and total expenditure on product B? Is the Law of Demand met..
suppose that a new law requires every firm to provide its workers with free parking spaces. these spaces are worth 200
The fiscal deficit of the country Zoldova has been increasing at an alarming rate for the decade. One of the major reasons for the worsening fiscal deficit has been indiscriminate government spending which had to be financed by printing more currency..
Explain how “Black Markets” impact economic actives: Please explain in detail and use a supply and demand graph for your examples
Read the article "The World's next great leap forward. Towards the end of poverty." Then answer the questions below. According to the article, how is poverty reduction achieved? In other words, what is the source of poverty reduction? What will happe..
Explain the Multiplier Effect. Try to explain it in some detail so that someone who did not know anything about economics would be able to gain a fundamental understanding of it. Use a visual aid to help the observer understand the concept. Should be..
A movie theatre has a cost function which entails the rent of the commercial building of $50 per day (fixed cost) and a marginal cost of $5 per viewer. Assume now that the movie theatre can give price discounts to students. Explain the concept of pri..
Guided Response: Review the discussion board posts of your classmates. Note their analysis of those who gain and lose from a tariff. Respond to at least two of your classmates.
Find recent evidence in the Wall Street Journal and other business publications on how companies are expanding the use of the techniques described in the opening case to understand and impact consumer behavior.
Constant returns to scale are associated with a:
If nominal GDP decreases this will:
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