Consider a Hypothetical Economy in Which Only Computers and Shoes

question 2

Multiple Choice

Consider a hypothetical economy in which only computers and shoes are produced. If two resources are being used, labor and capital, then any increase in immigration in the long run:

• A) will decrease wages in the shoe industry.
• B) will decrease wages in the computer industry.
• C) will increase wages in the shoe industry.
• D) will keep wages constant because marginal products do not change.

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Definitions:

Problem-focused Coping

A strategy for dealing with stress by tackling the problem directly, aimed at changing or eliminating the source of the stress.

Implementation Intentions

A self-regulatory strategy in the form of if-then plans that specify when, where, and how to act towards a goal.

Primary Appraisal

the initial evaluation process in which an individual assesses the significance of a stressor as irrelevant, beneficial, or stressful.

Secondary Appraisal

The process of evaluating one's ability to cope with the consequences of a perceived threat after an initial assessment of its significance.