Immigration
What is Immigration?
The movement of people into a country to live permenatly
What is the minimum wage?
The lowest legal hourly pay for workers set by law.
What is a livable wage?
A wage that allows a worker to afford basic necessities like food, housing, and healthcare.
What is a tariff?
A tax on imported goods
What does GDP stand for?
Gross Domestic Product.
What is the difference between an immigrant and a refugee?
Immigrant choose to move; refugee forced due to conflict or persecution
Who sets the federal minimum wage in the U.S.?
The U.S. Congress.
How is a livable wage different from the minimum wage?
A livable wage is based on the cost of living; minimum wage is a legal baseline.
What is the purpose of a tariff?
To protect domestic industries and raise government revenue.
What does the debt to GDP ratio measure?
The country's national debt compared to its economic output.
What economic benefit can immigrants bring to a country?
They contribute labor, pay taxes, and can help fill job shortages.
What is one arguement in favor of raising the minimum wage?
It helps reduce poverty and boosts worker spending power.
Name one factor used to calculate a livable wage.
Housing costs, family size, healthcare, or transportation.
How can tariffs lead to trade wars?
Other countries may retaliate by imposing their own tariffs.
Why is a high debt-to-GDP ratio a concern?
It can indicate financial instablitilt or risk of default
Name one challenges immigrants face when entering a new country?
Language barriers, employment, discrimination, or cultural adjustment.
What is one argument against raising the minimum wage?
It may lead to job loss or increased costs for businesses.
What impact can paying a livable wage have on employee productivity?
It can increase morale, reduce turnover, and boost productivity.
What is one downside of tariffs for consumers?
Higher prices on imported goods.
What is a brain drain in the context of immigration?
When skilled workers emigrate, leaving their home country with a shortage of professionals.
How does inflation affect the value of minimum wage?
It decreases purchasing power if wages dont keep up with rising prices.
Which U.S. city has one of the highest livable wage estimates due to cost of living?
San Francisico
What is the difference between a tariff and a quota?
A tariff is a tax; a quota limits the amount of imports.
What can a low debt-to-GDP ratio indicate about a country's economy?
It may suggest strong fiscal health and manageable debt levels.