Economists estimate that decreasing barriers to migration by just 5 percent will:
A. increase economic welfare of sending countries by trillions of dollars.
B. decrease economic welfare of the countries that would lose their citizens to richer countries by trillions of dollars.
C. decrease economic welfare of receiving countries by more than 5 percent.
D. increase economic welfare by more than lifting restrictions on capital mobility in their entirety.
D. increase economic welfare by more than lifting restrictions on capital mobility in their entirety.
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"A single-price monopoly will always charge a price that is on the elastic range of the demand for the monopoly's output." Explain why the previous statement is correct or incorrect
What will be an ideal response?
If the United States can increase its production of automobiles without decreasing its production of any other good, the United States must have been producing at a point
A) within its PPF. B) on its PPF. C) beyond its PPF. D) None of the above is correct because increasing the production of one good without decreasing the production of another good is impossible.
At expiration, the value of an option:
A. is equal to the intrinsic value. B. is less than the intrinsic value. C. is equal to the time value of the option. D. is greater than the intrinsic value.
Refer to the diagram. Which tax system has the least built-in stability?
A. T 4 .
B. T 3 .
C. T 2 .
D. T 1 .