Suppose That Rosa Is Considering Migration to Another Country

question 177

Multiple Choice

Suppose that Rosa is considering migration to another country. To move, she will have to spend $5,000 on transportation and $4,000 in application and other processing fees. Rosa's stream of future earnings in her home country is $500,000. She expects to earn a stream of future earnings of $800,000 in another country. Based on this information, Rosa's implicit cost of migrating is

• A)$9,000.
• B)$500,000.
• C)$509,000.
• D)$5,000.

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Definitions:

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American Psychiatric Association

A professional organization of psychiatrists and other mental health professionals dedicated to promoting mental health, supporting the diagnosis and treatment of mental disorders, and advancing psychiatry through education and research.

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