Which of the following will cause a reduction of wages in the market for labour?

(A) An increase in immigration.

(B) A reduction in immigration.

(C) Employers want to hire more workers

(D) A pandemic

Which of the following taxes helped to exacerbate the French Revolution?

(A) The Stamp Act taxes.

(B) The Gabelle du Sel.

(C) The Townshend Act taxes.

(D) The Paris gasoline tax.

Suppose that voters have single-peaked preferences, policy is one-dimensional, and elections are won via majoritarian voting.

There are two political candidates: Justin Trump and Donald Clinton. Trump is a centrist candidate, closer to the median voter, while Clinton is a radical leftist. According to the Median Voter Theorem, what will happen?

(A) Trump will win the election.

(B) Clinton will win the election.

(C) There will be a tie.

(D) Big Chungus will win the election.

Suppose that the price of gold in India is lower than the price of gold in Canada. Assume that there are no transport costs or trade restrictions between India and Canada. In the long-run, the price of gold will be the same in the two countries. Why?

(A)Businessmen will buy gold in Canada, causing demand in Canada to rise, and sell in India, causing supply in India to rise.

(B)Businessmen will buy gold in India, causing demand in Canada to rise, and sell in Canada, causing supply in India to rise.

(C)Businessmen will buy gold in India, causing demand in India to rise, and sell in Canada, causing supply in Canada to rise.

(D) Pewdiepie for President (2020).