Identify at least two factors other than distance and the age of prospective migrants that may affect the cost and benefit calculations of emigrants to the United States
What will be an ideal response?
Several studies indicate that the lack of English language skills may contribute to lower immigration into the United States as immigrants who lack these language skills tend to do economically worse than other immigrants who have those skills when they arrive. On the other hand, lower taxes and more opportunities to set up businesses in the United States increase incentive for immigration. Finally, some immigrants may sacrifice some of the benefits and personal returns that they enjoy in their home countries so that their families, specially their children, have greater economic opportunities in the future.
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Widespread use of credit cards
a. will increase the M1 money supply figures. b. will increase the M2 money supply figures but not those for M1. c. tends to reduce the average quantity of money that people will choose to hold. d. tends to increase the average quantity of money that people will choose to hold.
Allocative efficiency is achieved when
A) firms produce the goods and services that consumers value most.
B) firms produce goods and services at the lowest cost.
C) there are no shortages or surpluses in the market.
D) goods and services are fairly distributed among consumers in an economy.
Suppose the auto industry has several investment projects with an expected rate of return of 15 percent, the aluminum industry has projects with an expected return of over 20 percent, the publishing industry projects with an expected return of 10
percent, the steel industry has projects with an expected return of 7 percent and the rubber industry projects with an expected return of 5 percent. The current market rate of interest is 7 percent. A reduction in the supply of funds causes interest rates to rise to 11 percent. The effect is to A) cause the firms in the steel and publishing industries to cancel their projects, which would have been funded at the old interest rate. B) cause the firms in the steel and the rubber industries to go ahead with their projects. C) force the firms in the automobile industry and the publishing industry to rely on funding their projects through other means. D) make the projects of the aluminum industry and the steel industry unprofitable; the firms in these industries will not borrow the funds or make the investments.
If an oligopolist is faced with a marginal revenue curve that has a gap in it, we may assume that:
A. it is colluding with its rivals to maximize joint profits. B. its demand curve is kinked. C. it is selling a standardized product. D. it is selling a differentiated product.