Which statement about the economic impact of immigration is true?
a. State and local governments bear most of the costs of immigration.
b. The federal budget pays the costs associated with educating immigrants.
c. Immigration tends to have a positive effect on state and local budgets.
d. Immigration tends to have a negative effect on the federal budget.
a. State and local governments bear most of the costs of immigration.
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Marginal utility theory predicts that
A) when the price of a good rises, the quantity demanded of that good decreases. B) if the price of one good rises, the demand for a substitute good increases. C) if income increases, the demand for a normal good increases. D) All of the above answers are correct because all are predictions of marginal utility theory.
In a monopsony labor market, a minimum wage set equal to the competitive market equilibrium wage rate can ________ the wage rate and ________ employment
A) raise; increase B) raise; decrease C) lower; increase D) lower; decrease