Question 1

U.S.imports of sugar are limited by an import quota that,according to a study updated in 2015,imposed annual losses on American consumers of
A)$1,500,000.
B)$2,000,000.
C)$200,000.
D)$370,000.
E)$1,000,000,000.

Accepted Answer

The answer of U.S.imports of sugar are limited by an...

Question 2

Immigration into the U.S.over the past century has caused the percentage of immigrants in the U.S.population to
A)fall steadily over the entire century.
B)rise steadily until the 1970s and fall thereafter.
C)remain relatively constant over the time period.
D)fall steadily until the 1970s and increase thereafter.
E)rise steadily over the entire century.

Accepted Answer

The percentage of immigrants in the U.S. population fell until the 1970s due to restrictive immigration laws and other factors, but it has increased since then due to policy changes and global migration trends.

Question 3

In the two- country model of international labor mobility
A)the long- run equilibrium assumes that desired and actual migration are equal.
B)the long- run equilibrium assumes that actual migration exceeds desired migration.
C)the long- run equilibrium assumes that desired migration exceeds actual migration.
D)the long- run equilibrium assumes countries' policies place significant restrictions on migration.
E)the long- run equilibrium is the result of a divergence of the real wages in the two countries.

Accepted Answer

In the long-run equilibrium of the two-country model of international labor mobility, desired and actual migration are equal, as migration flows adjust to equalize real wages across countries, eliminating the incentive for further migration.

Question 4

There is a bias in the political process against free trade because
A)those who lose from free trade are better organized than those who gain.
B)those who gain from free trade can't compensate those who lose.
C)there is a high correlation between the volume of imports and the unemployment rate.
D)foreign governments make large donations to U.S.political campaigns.
E)the gains from free trade cannot be measured.

Accepted Answer

Those who lose from free trade, such as specific industries or workers, are often more organized and vocal in lobbying against it compared to the dispersed and less organized beneficiaries of free trade, such as consumers.

Question 5

In the two- country model of international labor mobility
A)migration results in increased global output,although some groups are made worse off.
B)migration has no effect on global output,although some groups are made better off.
C)migration results in increased global output,and all groups are made better off.
D)migration may reduce global output,although some groups are made better off.
E)migration has no effect on global output,although some groups are made worse off.

Accepted Answer

Migration leads to a more efficient allocation of labor resources, increasing global output, but it can create winners and losers among different groups, such as workers in the receiving country facing increased competition.

Question 6

In modern economies,
A)outsourcing increases international labor mobility.
B)restrictions on international labor mobility are common.
C)labor is far more mobile internationally than capital.
D)labor is far more mobile internationally than it is intra- nationally.
E)restrictions on international labor mobility are rare.

Accepted Answer

Restrictions on international labor mobility are common due to immigration laws and regulations that limit the movement of workers across borders.

Question 7

In the two- country model of international labor mobility
A)the long- run equilibrium global real wage is equal to the greater of the pre- migration wages in the two countries.
B)the effect of migration is to cause real wages in the two countries to converge.
C)the effect of migration is to cause real wages in the two countries to diverge.
D)labor has only limited international mobility.
E)the long- run equilibrium global real wage is equal to the lesser of the pre- migration wages in the two countries.

Accepted Answer

In the two-country model of international labor mobility, migration leads to a convergence of real wages between the two countries as labor moves from the country with lower wages to the country with higher wages until an equilibrium is reached.

Question 8

U.S.imports of sugar are limited by an import quota that,according to a study updated in 2015,imposed a total cost on American consumers close to $ ,or an average cost of per year for every U.S.household.
A)$105 million; $3
B)$3 billion; $2,000
C)$370 million; $2,000
D)$3 .5 billion; $30
E)$2 billion; $110

Accepted Answer

The answer of U.S.imports of sugar are limited by an...

Question 9

U.S.imports of sugar are limited by an import quota that,according to a study updated in 2015,imposed a total cost on American consumers close to $ ,or an average consumer cost of over per year for every job saved in the U.S sugar industry.
A)$2 billion; $110
B)$3 billion; $10
C)$3.5 billion; $3,000,000
D)$370 million; $20
E)$105 million; $3

Accepted Answer

The answer of U.S.imports of sugar are limited by an...

Quiz 4: Specific Factors and Income Distribution

U.S.imports of sugar are limited by an import quota that,according to a study updated in 2015,imposed annual losses on American consumers of

Immigration into the U.S.over the past century has caused the percentage of immigrants in the U.S.population to

In the two- country model of international labor mobility

There is a bias in the political process against free trade because

In the two- country model of international labor mobility

In modern economies,

In the two- country model of international labor mobility

U.S.imports of sugar are limited by an import quota that,according to a study updated in 2015,imposed a total cost on American consumers close to $ ,or an average cost of per year for every U.S.household.

U.S.imports of sugar are limited by an import quota that,according to a study updated in 2015,imposed a total cost on American consumers close to $ ,or an average consumer cost of over per year for every job saved in the U.S sugar industry.