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On the One Hand, Migration from Poor to Rich Countries

question 45

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On the one hand, migration from poor to rich countries can have strong, positive effects on the economies of host countries; however, this often results in an increase in urban populations, for better or for worse. As such, migration is intertwined with the force of ______.


Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy are willing to produce and sell at a given overall price level, during a certain time period.

Aggregate Demand

Total inclination for products and services within an economic system, priced at a determined aggregate price level over an appointed period.

Price Level

The general level of prices for goods and services in an economy at a specific point in time.

Short Run

A period in economics characterized by fixed factors of production, where only some inputs or resources can be adjusted or varied.

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