Economists estimate that decreasing barriers to migration by just 5 percent will:
A. increase economic welfare of sending countries by trillions of dollars.
B. decrease economic welfare of the countries that would lose their citizens to richer countries by trillions of dollars.
C. decrease economic welfare of receiving countries by more than 5 percent.
D. increase economic welfare by more than lifting restrictions on capital mobility in their entirety.
D. increase economic welfare by more than lifting restrictions on capital mobility in their entirety.
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Workers laid off as a result of a recession suffer
A) structural unemployment. B) seasonal unemployment. C) natural unemployment. D) cyclical unemployment. E) frictional unemployment.
The per-worker production function shows the relationship between ________ per hour worked and ________ per hour worked, holding ________ constant
A) capital; labor; real GDP B) capital; real GDP; technology C) labor; capital; real GDP D) labor; real GDP; technology