Studied by 2 peopleRemittances
________ are transfers of money to home countries by workers who have emigrated.
High skill immigrants
________ make up large portions of the information technology, engineering, scientific research, and health care industries.
Producer surplus
________ is the net benefit that sellers earn from selling a good or service.
Immigration
________ causes an increase in the supply of labor in the host country.
Nonmonetary costs and benefits of moving include
changes in the distance from family and friends, changes in recreation and leisure opportunities, as well as language.
Immigrants produce benefits for host countries in the form of
increased output, tax revenues, and participation in the political process.
Outsourcing
occurs when someone hires another person or firm to produce a good or service.
Offshoring
is the movement of a firm's production from one country to another.
Note
Flashcard