How can the migration distance affect the cost–benefit evaluation of moving to another nation?
What will be an ideal response?
Immigrants estimate the costs and benefits of migration before making the decision to move to another nation. Greater migration distance reduces the likelihood of migration by increasing its costs through higher transportation costs, lack of information about the target nation, and reduced opportunity for future contact with friends and family.
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According to economic theory, social interactions are the result of
A) calculated choices by individuals B) chance and the laws of probability. C) genetic and environmental factors. D) random occurrences.
The tables above show the marginal costs and benefits from production of paper. If the market is perfectly competitive and unregulated, the equilibrium output is ________ of paper
A) 1,600 tons B) 2,400 tons C) 3,200 tons D) 4,000 tons
A cartel's profit-maximizing quantity occurs where the cartel's
a. marginal cost equals marginal revenue b. marginal cost equals demand c. price is highest d. cost is lowest e. demand curve has a kink
The market for reserves derives from the fact that:
A. desired reserves don't always equal actual reserves. B. the Fed refuses to lend to banks. C. reserves pay a relatively high return. D. banks do not want excess reserves.