Immigrants tend to choose countries closer to their country of origin because:
A. bordering countries always have high wage rates.
B. there are fewer beaten paths to nearby countries, and therefore better prospects of finding
a good job.
C. neighboring countries usually speak the same language.
D. migration costs tend to be directly related to distance from the country of origin.
Answer: D
Economics
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When there is a negative externality in a market, too much of the good is produced
Indicate whether the statement is true or false
Economics
A tire manufacturer produces 400 tires valued at $20 each. Three hundred tires are sold to a tire shop, which then sells them to households for $50 each. The remaining tires are unsold and are added to the tire manufacturer's inventory. How much is added to GDP?
a. $8,000 b. $15,000 c. $17,000 d. $13,000
Economics