Immigration
Reasons for Immigration?
Financial opportunities, political freedom, war/civil unrest, pulled by home country by family/friends
Minimum wage is not a liveable wage. True or False?
True
What is liveable wage?
What are tariffs?
tariffs are taxes imposed on foreign goods
What is GDP-to-Debt ratio?
a measure of a country's total public debt as a percentage of its gross domestic product (GDP)
Arguments for immigrants?
Produce for economy, Fill jobs otherwise not filled (low labor costs, high work ethics), Strengthening of home nations by sending dollars home, Education benefits for offspring, Makes nation more “fluid” with other countries
Illegal Immigrants
What does a liveable wage allow you to buy?
food, housing, healthcare, transportation, and other necessities
Why do tariffs usually tend to harm the economy?
they raise prices for business owners and consumers
What is a reserve currency country?
A country that is able to service its debt without risk of default like the U.S.A.
Arguments against Immigrants?
Drains from economy, “Steals” jobs from natives, Weakens nation by sending dollars out to home country, Burden of educating offspring, Not necessary for international development
The black market
Is the liveable wage higher in California or Iowa?
California
Why are goods from China cheaper?
They have lower working wages and 3 times as many people.
What country is known for having one of the highest GDP-to-debt ratios in the world, largely due to extensive government borrowing?
Japan
What struggles do new immigrants face?
culture, language barriers, education, credibility/acceptance, citizenship, and economic positioning
What is the minimum wage in the United States?
$7.25 per hour
Yes
Why are people for tariffs?
They believe tariffs bring back jobs to U.S. citizens.
How can a high GDP-to-debt ratio lead to inflation?
investors might perceive it as a risk and not invest leading to the market falling and causing inflation
Advantages of Immigrants?
willingness to work and new ideas/ways of working
Why are people for and against minimum wage?
For: people have more money
Against: prices rise, people lose jobs.
$2500 a month
What president has imposed the most tariffs in U.S. history?
What do economist believe a nation should do if their GDP-to-debt ratio is very high?
reduce the national debt and spending