Define economic immigrants
What will be an ideal response?
Economic immigrants are international migrants motivated by economic gain. This type of immigrant is mainly interested in the higher paying jobs available in other nations. Economic immigrants differ from other types of immigrants in that their decision to migrate is not based on political, religious, legal or family reasons.
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The key concept in the new classical approach to the aggregate supply curve is
A) the impact of imperfect information on business decisions. B) the impact of changes in the price level on real balances. C) the inverse relationship between the real interest rate and desired investment spending. D) the crowding out of investment spending by government spending.
Between 2003 and 2008, the actual federal funds rate
A) tended to be lower than the rates predicted by the Taylor rule. B) tended to higher than the rates predicted by the Taylor rule. C) followed closely the rates predicted by the Taylor rule. D) moved in directions opposite to the rates predicted by the Taylor rule.
To avoid wage compression,
A) employees probably need to change companies. B) employees need to speak to their supervisors. C) employees need to sign a deferred compensation contract. D) managers need to pay above the minimum wage.
Refer to Figure 18.1. With a tariff or quota, what is the equilibrium quantity of gloves in Duckland?
A. 100 B. 80 C. 60 D. 40