Asked by Joanna Harrison on May 31, 2024
Verified
Efficiency gains from migration
A) will tend to be greater when workers migrate from nations with high unemployment to nations experiencing full employment.
B) imply that all workers, domestic and migrant, are financially better off as a result of migration.
C) will tend to be greater in countries experiencing "brain drain."
D) usually benefit one nation at the expense of another.
Brain Drain
The phenomenon where individuals with technical skills or knowledge leave their country or area to pursue better opportunities elsewhere.
Efficiency Gains
Improvements that increase the quality, speed, or productivity with which organizations can produce goods or services, often resulting in cost savings.
Full Employment
A situation in an economy where all available labor resources are being used in the most efficient way possible.
- Evaluate the factors affecting the magnitude of efficiency gains from migration.
Verified Answer
Learning Objectives
- Evaluate the factors affecting the magnitude of efficiency gains from migration.
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