Answer All Parts of the Question That Follows

question 65

Essay

Answer all parts of the question that follows.
(A) Identify and explain ONE cause for temporary global migrations between 1840 and 1914.
(B) Identify and explain ONE cause for permanent global migrations between 1840 and 1914.
(C) Identify and explain ONE effect of global migrations between 1840 and 1914 on the economies and societies of the places in which the migrants settled.

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Definitions:

Moral Hazard

A situation where one party is more likely to take risks because the negative consequences of the risk will be borne by another party.

Unobservable Actions

Actions taken by parties in a contract or agreement that cannot be directly observed or monitored by others.

Adverse Selection

A situation in which sellers have information that buyers do not, or vice versa, leading to an inefficient market outcome.

Adverse Selection

A situation in economics where one party in a transaction has more or better information compared to the other party, potentially leading to an inequitable outcome.