The "Age of Migration" Means That Many More People Are

question 39

Essay

The "age of migration" means that many more people are crossing borders compared to years past. Many are in search of economic opportunity whereas others are fleeing persecution, or genocide, or ethnic cleansing. Write an essay describing the difficulties that countries receiving large numbers of these immigrants experience.

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Definitions:

Marginal Revenue

The increased income from the sale of one additional unit of a good or service.

Average Fixed Cost

Total fixed cost divided by the number of units produced. It always declines as output increases.

Price-Taker Firm

A company that must accept the market price of its product without having the influence to change it, typically because the market is highly competitive and the product is undifferentiated.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are close substitutes, leading to price competition and efficiency.