Market Structure
Spending in excess of revenues collected
Deficient Spending
a mass refusal to buy products from targeted employers or companies
Boycotts
International movement of people to a destination country of which they are not usual residents
What is "immigration"?
A line-item budget expenditure that circumvents normal budget
Pork
market where large number of well-informed and independent buyers and sellers exchange identical products
Perfect Competition
total amount borrowed from investors to finance deficit spending
National Debt
a refusal to work until a certain demand is met
Strike
Financial opportunities, political freedom, War and/or Civil reset, pulled from home country by family
Reasons for immigration
Part of the economy made up of federal, state, and local governments
Public sector
to use advertising, giveaways, or other promotions to convince buyers one product is superior to another
Nonprice Competition
Specials accounts used to fun specific types of expenditures.
Trust Funds
Standard amount of pay given for work performed
Wage Rate
culture, language, education, credibility/acceptance, economic positioning
Struggles of immigration
Payment for which the government receives neither goods nor services in return
Transfer Payment
formal agreement to set prices or behave in cooperative way
Collusion
Higher-than-normal interest rates caused by heavy government borrowing
Crowding-out Effect
workers whose jobs do not require special training or skills
Unskilled labor
willingness to change/ adopt, “brain drain” – more intelligent tend to migrate, willingness to work and produce
Advantages to immigration
Way in which income is allocated among families, individuals, or other into perspective
Distribution of Income
situation in which average cost of production falls as a firm gets larger
Economics of Scale
Broad social programs for eligible individuals
Entitlements
A court order not to act
Injuncition
Drains from economy, “Steals” jobs from natives, Weakens nation by sending dollars out to home country
Arguments anti-immigrants
Marginal Product
market structure where a few very large sellers dominate
Oligopoly