"Job-seeking immigration brings net economic benefits not only to the immigrants, but also to the receiving country overall." Justify the statement.
What will be an ideal response?
POSSIBLE RESPONSE: Immigration leaves some better off and some worse off in the receiving country. The winners include the firms that employ the immigrants and the consumers who buy the products that the immigrants help to produce. The losers are the workers who compete with the immigrants for jobs. For the industrialized countries, the real wages of low-skilled workers have been depressed by the influx of low-skilled workers from developing countries. It has been observed that overall the net effect of immigration on the receiving country is positive. The economic benefits have been higher than the economic and social costs of immigration.
You might also like to view...
The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. Which of the following would lead the quantity of doughnuts in Kaffenia to differ from the efficient quantity?
A) The existence of many producers and sellers of doughnuts. B) The existence of just one producer and seller of doughnuts. C) Damage to the environment from the disposal of oil used to cook the doughnuts. D) Both answers B and C are correct.
If demand is inelastic, a drop in price will raise total expenditure.
Answer the following statement true (T) or false (F)
The short-run aggregate supply curve in modern Keynesian analysis
A) is a horizontal line the same as in the Keynesian model. B) is a vertical line the same as in the classical model. C) is an upward sloping curve. D) is a negatively sloped curve.
Legally, a patent grants a firm an exclusive right to its innovation for a period of
a. 1 year b. 5 years c. 10 years d. 14 years e. 17 years