immigration
What is immigration?
This is the process of entering and settling in a country that is not your own.
What is minimum wage?
This is the lowest amount an employer can legally pay a worker per hour.
What is healthcare?
A livable wage must cover basic needs like food, shelter, and this.
What are imported goods
goods from other countries
Whats a GDP to ratio
A GDP to ratio compares a specific economic variable like debt, tax revenue, or trade to a country's Gross Domestic Product (GDP)
What is a green card?
This document allows a person to legally live and work in a country permanently.
What the minimum wage in California
$16.50
What is a regional living wage?
This type of wage calculation varies by location due to cost-of-living changes.
What is a trade war?
High tariffs can lead to this, when countries retaliate with their own tariffs.
What are reducing debt or increasing GDP?
Countries can improve their debt-to-GDP ratio by doing either of these two things.
What are refugees?
These are people who flee their country due to war, persecution, or disaster.
What is a state minimum wage law?
This type of law allows states to set their own minimum wage.
What is the MIT Living Wage Calculator?
This online tool calculates the livable wage by state and family size.
What is inflation or higher prices?
Tariffs can cause this for consumers, making goods more expensive.
What is the country's debt equals its GDP?
A 100% debt-to-GDP ratio means this.
What is a quota?
The legal limit on the number of immigrants who can enter a country is called this.
What is the classical employment theory?
This economic theory argues raising the minimum wage reduces job availability.
What is the wage gap?
This is the difference between minimum wage and livable wage.
what is a terrif
A tariff is a tax imposed by a government on goods and services imported from other countries
What is economic stability or solvency
A high debt-to-GDP ratio may cause concerns about this.
What are undocumented immigrants?
Aliens
What is the service sector?
This sector often pays minimum wage and includes jobs like fast food or retail
What is poverty?
Advocates say a livable wage can reduce this, which affects millions of families.
How do tariffs affect consumers
Tariffs can negatively impact consumers by increasing the cost of imported goods, potentially leading to higher prices for everyday products like food and electronics
What is increasing GDP?
Countries reduce debt-to-GDP ratios by either reducing debt or doing this.