"Beaten Paths" in the Context of Labor Migration Are

question 73

Multiple Choice

"Beaten paths" in the context of labor migration are

• A)routes taken previously by family, relatives, and friends.
• B)routes that have been overused by previous immigrants.
• C)routes that are no longer followed by immigrants.
• D)typical methods used to increase human capital.

---

Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay.

Producer Surplus

The difference between the amount producers are willing and able to sell a good for and the actual amount received by them when the good is sold at the market price.

Comparative Advantage

The capacity of a person or collective to conduct a specific economic operation more effectively compared to another.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.