When Did the First Wave of Chinese Immigrants Come to the United

question 28

Multiple Choice

When did the first wave of Chinese immigrants come to the United States?

• A) during the 1780s when the country first began under the Constitution
• B) during the California gold rush in the 1840s
• C) during industrialization in New York City in the 1880s
• D) during the communist revolution in China in the 1940s

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Definitions:

Market

A place or virtual space where buyers and sellers come together to trade goods, services, or financial instruments, determining the prices through supply and demand.

External Cost

Costs of a transaction that affect people who are not part of the transaction.

Private Value

The estimate of worth that an individual or company assigns to an asset, good, or service, reflecting personal assessments rather than market-driven prices.

Social Cost

The total cost to society, including both private and external costs, of producing a good or service.