Economists conclude that the effect on our world's
Standard of living as a result of labor and capital
Migration has been:
A)negative overall.
B)positive overall as resources move to their highest valued use.
C)positive in some respects but very harmful in the long run to workers.
D)so small worldwide that the effect is not worth measuring.

Question

Economists conclude that the effect on our world's
Standard of living as a result of labor and capital
Migration has been:
A)negative overall.
B)positive overall as resources move to their highest­ valued use.
C)positive in some respects but very harmful in the long run to workers.
D)so small worldwide that the effect is not worth measuring.

Quizplus · Accepted Answer

Economists generally agree that labor and capital migration leads to a more efficient allocation of resources, as they move to their highest-valued use. This, in turn, leads to increased productivity and economic output, ultimately raising the standard of living. However, there may be short-term negative impacts on specific groups of workers, particularly those in industries or regions facing increased competition. Overall, however, the long-term benefits of migration are considered positive. Therefore, option B is the best choice.

Economists Conclude That the Effect on Our World's