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Linda_us, Finance, Accounts & Homework Tutor
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FOR LINDA 61. The marginal cost-marginal benefit approach

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61. The marginal cost-marginal benefit approach to migration suggests that:

the optimal amount of immigration to the United States is probably zero.

everyone who wishes to come to the United States should be allowed to do so.

a particular level of immigration may be too low or too high.

efforts to reduce the inflow of illegal immigrants should be abandoned.
62. The majority of union members in the United States belong to unions that are:

affiliated with the United Workers of America (UWA).

affiliated with the AFL-CIO.

independent unions that are not affiliated with the AFL-CIO.

growing rapidly in membership.

63. Suppose that under its collective bargaining agreement the ABC Corporation can hire nonunion workers, but such workers must join the union within 30 days. This agreement embodies:

an open shop.

a closed shop.

a union shop.

an agency shop.
66. Assume that by devoting all of its resources to the production of X, nation Alpha can produce 40 units of X. By devoting all of its resources to Y, Alpha can produce 60Y. Comparable figures for nation Beta are 60X and 40Y. We can conclude that:

the terms of trade will be 3X equals 1Y.

Alpha should specialize in Y and Beta in X.

Alpha should specialize in X and Beta in Y.

there is no basis for mutually beneficial specialization and trade.

67. "Offshoring:"

is the movement of money to foreign bank accounts.

is the shifting work previously done by domestic workers to workers located in other countries.

applies only to manufactured goods.

hurts all domestic industries in a country.
69. United States exports of goods and services (on a national income account basis) are about:

20 percent of U.S. GDP.

4 percent of U.S. GDP.

28 percent of U.S. GDP.

11 percent of U.S. GDP.
70. If a nation has a comparative advantage in the production of X, this means the nation:

cannot benefit by producing and trading this product.

must give up less of other goods than other nations in producing a unit of X.

has a production possibilities curve identical to those of other nations.

is not subject to increasing opportunity costs.
Submitted: 6 years ago.
Category: Homework
Expert:  Linda_us replied 6 years ago.

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