Which of the following individuals is most likely to migrate to Switzerland, assuming that all face equally good prospects of securing a good job after arrival?
A. Ricardo is 25 years old, single, and currently lives in Italy.
B. Ivan is 50 years old, married, and currently lives in Russia.
C. Maria is 40 years old, married with three children, and currently lives in Mexico.
D. Tran is 35 years old, single, speaks only Vietnamese and a little English, and currently
lives in Vietnam.
Answer: A
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Moving downward along a linear (straight-line) downward sloping demand curve, the
A) slope is constant. B) price is constant. C) quantity is constant. D) elasticity is constant. E) None of the above answers is correct.
People complain that inflation increases the cost of goods and services and therefore reduces their purchasing power. If inflation and income grow at the same rate, is this complaint valid? Explain carefully
What will be an ideal response?