Discuss how remittances can help reduce poverty and meet other development objectives in recipient nations?
What will be an ideal response?
Discussed in the section on "Role and Growth of Remittances."
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How is the wage to be paid to a worker determined by a profit-maximizing firm? If a marginal worker creates 8 units of a product in a month that is sold for $5 per unit, how much should be the maximum wage that should be paid to him?
What will be an ideal response?
The 1964 tax reform was designed to _____
a. simplify the tax structure b. remove the bias towards consumption in the tax code c. cut marginal tax rates in order to increase aggregate demand d. cut average tax rates in order to decrease aggregate demand
The demand curve for the shares of a company's stock slopes upward, since the higher the price of the stock, everything else remaining the same, the higher the quantity of stock demanded
a. True b. False Indicate whether the statement is true or false
In a society with market failure, there
a. is no pollution b. are no public goods c. is an inefficient allocation of resources d. are no markets e. is no need for a government