What are some of the reasons for the major back flows that occur in most international migration patterns?
What will be an ideal response?
Immigration back flows are return migrations to the home country. These returns may be caused by a lack of anticipated jobs in the new country, higher living expenses than anticipated, raises and promotions that do not materialize or higher costs associated with being away from family and friends. It should be noted that these back flows generate potential benefits for future immigrants because they increase the amount and accuracy of information available about other nations and the functioning of their economies.
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In the short run, the supply curve for a perfectly competitive firm is its marginal cost curve for all levels of output
a. True b. False Indicate whether the statement is true or false
When a rent-seeking equilibrium is reached, the
A) economic profit is maximized. B) economic profit is eliminated by legislation. C) economic profit is eliminated. D) consumer surplus is greater than without rent seeking. E) consumer surplus is eliminated.
The marginal revenue curve for a monopolist is the same as its demand curve.
Answer the following statement true (T) or false (F)
The demand for Ben & Jerry's ice cream is ________ than is the demand for all ice cream because ________.
A. more price elastic; Ben & Jerry's has fewer available substitutes B. more price elastic; the scope of the market for Ben & Jerry's is less broadly defined C. less price elastic; the scope of the market for Ben & Jerry's is less broadly defined D. less price elastic; Ben & Jerry's has fewer available substitutes