Immigrant Workers Are Usually Cheaper to Employ Than Native Workers

question 52

True/False

Immigrant workers are usually cheaper to employ than native workers in developed countries but employers often do not prefer to hire them to remain cost competitive.

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Definitions:

Marginal Revenue Curve

A graph that shows the additional revenue a firm earns from selling one more unit of a good or service.

Upward Sloping

A characteristic of a graph or curve that rises from left to right, indicating a positive relationship between two variables.

Perfectly Competitive Firm

A business operating in a market where no single firm can influence the market price or market conditions, facing many competitors and selling identical products.

Long Run

A period sufficient for all inputs to production, including capital, to be varied.