The Figure Given Below Shows the Income-Leisure Trade Off of an Individual.Figure

question 39

Multiple Choice

The figure given below shows the income-leisure trade off of an individual.Figure 16.5
AB and AC: Income constraints of the individual
I₁, I₂, and I₃ curves show the income leisure choices of the individual.
-Which of the following is not a cost of illegal immigration in the U.S.?

• A)The adverse impact on unskilled workers
• B)The damage to national property caused during the process of immigration
• C)Additional expenditure on healthcare at emergency clinics and hospitals
• D)Expenditure on public education on the children of immigrants.
• E)Expenditure on employment insurance programs for the illegal immigrants.

---

Definitions:

Actuarial Information

Actuarial information involves data and analysis related to assessing financial risks in insurance and finance, especially calculations concerning premiums or pension obligations.

Interest Expense

The cost incurred by an entity for borrowed funds, which is charged as an expense on the income statement over the period the funds are borrowed.

Effective Interest Method

An accounting practice used to allocate interest expense or income over the life of a financial instrument at a constant interest rate.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.