It Is Estimated That Between 1993 and 2003, Illegal Immigration

question 24

Multiple Choice

It is estimated that between 1993 and 2003, illegal immigration into the European Union

• A)remained constant at about 50,000 persons annually.
• B)dropped quickly from 50,000 to 10,000 persons per year.
• C)rose from 50,000 to about 500,000 persons per year.
• D)disappeared entirely owing to tighter border security measures.

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Definitions:

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often in order to maximize the members' profits at the expense of consumers.

Herfindahl-Hirschman Index

A measure used to assess the market concentration and competition level within an industry, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.

Market Share

The portion of a market controlled by a particular company or product, indicative of competitiveness.

Herfindahl Index

Measures the concentration of market power within an industry, calculated by summing the squares of the market share percentages held by the various firms within the market.