Which of the Following Is Correct? Using Data from 2014

question 125

Multiple Choice

Which of the following is correct? Using data from 2014,

• A)immigrants (both legal and illegal) make up about 40 percent of the U.S. population.
• B)low-skilled immigration lowers the earnings of all workers in the United States by about 15 percent.
• C)illegal immigrants make up about 20 percent of the U.S. workforce.
• D)over 80 percent of immigrants are from Latin America and Asia.

---

Definitions:

Elasticity of Demand

The degree to which the quantity demanded of a good or service varies with its price. Generally, a high elasticity indicates that demand is sensitive to price changes.

Inverse Demand Curve

Another term for the inverse demand function, it graphically represents how price depends on the quantity demanded, illustrating the relationship inverse to the demand curve.

Total Revenue

The total amount of money received by a company from selling goods or services before any expenses are deducted.

Inverse Demand Function

A mathematical representation that describes the relationship between the price of a good and the quantity that consumers are willing and able to purchase, expressed as price as a function of quantity demanded.