Which of the Following Is Nearly Always TRUE of Highly

question 70

Multiple Choice

Which of the following is nearly always TRUE of highly
Educated immigrants?

• A)They impose high costs on the recipient nation.
• B)They move from high­wage nations to low­wage nations.
• C)They impose costs on the source nation in terms of lost opportunity and provide benefits to the recipient
• Nation.
• D)They impose high costs on the recipient nation, and they move from high­wage nations to low­wage
• Nations.

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Definitions:

Profit Per Unit

Profit per unit is the amount of money earned from selling one unit of a product or service, calculated by subtracting the cost per unit from the selling price per unit.

Break-even Point

The level of production at which total revenues equal total costs, resulting in neither profit nor loss.

Efficiency

Conditions under which maximum output is produced with a given level of inputs.

ATC Curve

The curve that shows the average total cost of producing different quantities of a good or service.