Which Statement Accurately Describes the Foreign-Born Population in the United

question 18

Multiple Choice

Which statement accurately describes the foreign-born population in the United States as of 2008?

• A)The percentage of foreign born is higher than it was in the 1850s.
• B)The number of foreign born people has stayed relatively stable from 1970 to 2008.
• C)The number of people who are foreign born has reached unprecedented levels.
• D)Between 1970 and 2008,the percentage of foreign-born people has decreased.

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Definitions:

Decreasing Costs

A situation where the total cost of production goes down as the volume of production increases.

LIFO Method

The LIFO (Last In, First Out) method is an inventory valuation technique where the latest items added to inventory are the first to be sold or used.

Net Income

The remaining earnings of a business after deducting all costs and taxes from its total income.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting the cost of goods sold.