If the price level rises by 4% in a year and nominal wages

| November 24, 2016

Question
1. If the price level rises by 4% in a year and nominal wages increase by 2%, then real wages will:
A. Decrease 6%
B. Decrease 4%
C. Decrease 2%
D. Increase 2%

23. Other things equal:
A. Workers with higher levels of human capital will tend to migrate to countries providing greater wage opportunities
B. Workers with lower levels of human capital will tend to migrate to countries providing greater wage opportunities
C. Smaller wage differences between countries will tend to increase the flow of immigration between countries
D. Workers with higher levels of human capital will migrate to higher-wage countries regardless of the distance between countries

24. The Council of Economic Advisers have found that skilled immigrants in the U.S. do all of the following, except:
A. Boost the technical capabilities of U.S. firms
B. Pay less in taxes than they absorb in government services
C. Make major innovative contributions in science, medicine, and engineering
D. Augment the supply of health-care providers in the U.S.

25. Studies show that the largest negative impact of illegal immigrants is on:
A. The wages of native-born workers.
B. The average wage in the U.S.
C. Employment opportunities of native-born workers
D. The wages of previous immigrants

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