Which of the following statements is most accurate about the effects of migration?
A. Migration generally benefits the mover, but there is a net efficiency loss to the world.
B. Migration generally benefits everyone in both the origin and destination nations.
C. Migration generally benefits the mover and creates a net efficiency gain for the world.
D. Remittances cause the gains from immigration to be distributed unevenly.
Answer: C
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In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. This change will
A) add to GDP. B) only change GDP if the development occurs within the borders of the United States. C) take away from GDP. D) not change GDP.
Another term for the equilibrium price is
A) excess demand. B) nominal price. C) law of demand. D) market clearing price.
A firm will continue to produce if total revenue is greater than total variable cost even if total revenue is less than fixed cost
a. True b. False
The multiplier effect on aggregate demand of a tax cut is less than the multiplier effect of an equal increase in government spending
Indicate whether the statement is true or false