Because migration typically involves present sacrifice in order to obtain a greater stream of future earnings,many economists consider migration to be:
A)an investment in human capital
B)undertaken only by those who have very low discount rates
C)motivated strictly by monetary considerations
D)an impediment to economic efficiency

Question

Quizplus · Accepted Answer

Migration involves a trade-off between present sacrifice and future earnings, which is similar to an investment. By moving to a new place, people are investing in their own human capital by acquiring new skills, knowledge or experience that can potentially lead to higher income in the future. Therefore, many economists consider migration as an investment in human capital.

Because Migration Typically Involves Present Sacrifice in Order to Obtain