In the Immigration Act of 1990

question 131

Multiple Choice

In the Immigration Act of 1990,

• A)quotas based on national origins determined the number of immigrants admitted each year.
• B)no immigrants from Central and South America were allowed into the United States.
• C)immigrants with family ties in the United States or with special skills were given priority.
• D)only those fleeing persecution by Communist governments were admitted.
• E)only the wealthy were admitted.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Monopsony Power

The market power held by a single buyer to influence the price at which they purchase goods or services.

Elasticity Of Supply

The degree to which the quantity supplied of a good changes in response to a change in its price.

Marginal Value

The additional benefit received by consuming or using one more unit of a good or service.