Because Migration Typically Involves Present Sacrifice in Order to Obtain

question 37

Multiple Choice

Because migration typically involves present sacrifice in order to obtain a greater stream of future earnings,many economists consider migration to be:

• A)an investment in human capital
• B)undertaken only by those who have very low discount rates
• C)motivated strictly by monetary considerations
• D)an impediment to economic efficiency

Prepare consolidated balance sheets, including adjustments for fair value increments, amortization, and investment in subsidiary.

Understand the impact of intercompany transactions on consolidated financial statements.

Calculate non-controlling interest on the consolidated balance sheet.

Recognize and adjust for over or under-valuation of acquired assets and liabilities.

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Definitions:

External Benefit

A benefit that people other than the consumer or producer enjoy, resulting from a transaction or activity.

Economic Efficiency

A condition in which all available resources are utilized in the most effective manner to satisfy society's needs and wants, minimizing waste and maximizing value.

Market Price

The current market value at which an asset or service is up for sale or purchase.

External Benefits

Positive effects experienced by those not directly involved in an economic transaction.