The Results of the Influx of Workers into Miami in 1980

question 49

Multiple Choice

The results of the influx of workers into Miami in 1980 as a consequence of the Mariel boat lift and from Russia to Israel in 1989 after the fall of the Soviet Union:

• A) included lower wages in Miami but higher wages in Israel.
• B) included lower wages in Israel but higher wages in Miami.
• C) surprised most people because there was no reduction in wages in either area.
• D) included lower wages in both regions, confirming that immigration hurts domestic workers.

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Definitions:

Substitutable Resources

Resources in a firm that can be replaced by other resources to perform the same function, affecting competitive advantage and strategic planning.

Value Chain

A series of activities performed by a company to deliver a valuable product or service to the market.

Strategic Importance

Significance associated with a decision or action that affects the long-term objectives and competitive positioning of an organization.

Strategic Management

The ongoing planning, monitoring, analysis, and assessment of all necessities an organization needs to meet its goals and objectives.