The Voluntary Relocation of Employable Migrants from Low-Paying Nations to High-Paying

question 50

Multiple Choice

The voluntary relocation of employable migrants from low-paying nations to high-paying nations reduces

• A)wage rate disparities among nations.
• B)business or capitalist income in the world.
• C)labor productivity in the world.
• D)total wage income in the world.

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Definitions:

Increase Assets

Enhancing the value of a company's resources or acquiring new physical, financial, or intangible properties that can provide economic benefits.

Decrease Assets

The reduction in the value or amount of the resources owned by a company, which can result from sales, disposal, or depreciation.

Accounting Equation

The fundamental equation underpinning the double-entry bookkeeping system: Assets = Liabilities + Equity.

Liabilities

The financial liabilities a firm has towards other parties, necessitating reimbursement through the provision of economic gains over a specified duration.