Many Economists Are in Favor of Increased Immigration of Adult

question 156

Multiple Choice

Many economists are in favor of increased immigration of adult foreigners who possess high levels of skills and education.Why?

• A)Economists are very caring individuals.
• B)Economists believe this is a way to increase understanding among different ethnic groups.
• C)Economists believe foreigners will work cheaper.
• D)Economists believe this will increase aggregate supply.

---

Definitions:

Marginal Disutility

The added dissatisfaction a consumer experiences from consuming an additional unit of a product or service.

Behavioral Economics

A field of economics that examines how psychological, social, cognitive, and emotional factors affect economic decisions of individuals and institutions.

Anchoring

The tendency people have to unconsciously base, or “anchor,” the valuation of an item they are currently thinking about on recently considered but logically irrelevant information.

Decision Making

The process of selecting the best course of action from several alternatives to achieve a desired goal.