Many Economists Are in Favor of Increased Immigration of Adult

question 156

Multiple Choice

Many economists are in favor of increased immigration of adult foreigners who possess high levels of skills and education.Why?

• A)Economists are very caring individuals.
• B)Economists believe this is a way to increase understanding among different ethnic groups.
• C)Economists believe foreigners will work cheaper.
• D)Economists believe this will increase aggregate supply.

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Definitions:

Equilibrium

A state in a market where demand equals supply, resulting in a stable price for a good or service.

Market Equilibrium

The state where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable market price.

Economists

Experts focused on analyzing how goods and services are produced, distributed, and consumed.

Opportunity Cost

The loss of potential gain from other alternatives when one particular option is chosen.