Chapter 12: Immigration and International Trade of Labour

Remittances

________ are transfers of money to home countries by workers who have emigrated.

High skill immigrants

________ make up large portions of the information technology, engineering, scientific research, and health care industries.

Producer surplus

________ is the net benefit that sellers earn from selling a good or service.

Immigration

________ causes an increase in the supply of labor in the host country.

Nonmonetary costs and benefits of moving include

changes in the distance from family and friends, changes in recreation and leisure opportunities, as well as language.

Immigrants produce benefits for host countries in the form of

increased output, tax revenues, and participation in the political process.

Outsourcing

occurs when someone hires another person or firm to produce a good or service.

Offshoring

is the movement of a firm's production from one country to another.