Recall the Application About Who Benefits from the Immigration of Low-Skilled

question 10

Multiple Choice

Recall the Application about who benefits from the immigration of low-skilled workers to the United States to answer the following question(s) .
-Recall the Application. Among the losers when there is an increase in labor migration to the United States are

• A) U.S. consumers
• B) U.S. firms.
• C) U.S. workers with the same skill level as the immigrants.
• D) all of the above.

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Definitions:

Taxable Income

Income subject to taxes, calculated by subtracting deductions and exemptions from gross income.

Total Operating Capital

Represents the total amount of capital tied up in operating assets, necessary for the day-to-day functioning of a business.

Balance Sheet

A report detailing a firm's financial state through a breakdown of its assets, liabilities, and equity from shareholders at a certain moment, offering an overview of its financial health.

Current Liabilities

Short-term financial obligations due within one year or within the company's operating cycle.