In the Long Run, Which of the Following Will Occur

question 20

Multiple Choice

In the long run, which of the following will occur if the
u.S.federal government eliminates restrictions on
Migration of Mexican workers to the United States?

• A)The United States' total K/L ratio will rise.
• B)Mexico's total K/L ratio will fall.
• C)Wages of American workers who compete with Mexican workers for jobs will rise.
• D)The returns to U.S.owners of capital will remain unchanged.

Discuss the impact of technology on political participation.

Understand the concept of political power and its relation to social organization.

Assess the role of international relations in promoting or hindering democracy.

Comprehend Max Weber's concept of legal-rational authority and its significance in modern societies.

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Definitions:

Simple Interest

The method of calculating interest charges based on the principal amount only, not compounding on accumulated interest.

Deposit

A sum of money placed into a bank account or given as security for a contractual obligation.

Ordinary Annuities

Fixed payments received or paid out over a designated series of periods where the payments occur at the end of each period.

Annuities Due

An annuity for which payments are made at the beginning of each period, rather than at the end.