The direct benefits of out-migration to a developing nation include:
(a) Loss of skilled workers.
(b) Increased remittances.
(c) Job growth.
(d) Larger capital formation.
B
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The Phillips curve is thought to reflect the relationship between
A) unemployment and inflation. B) the price level and inflation. C) unemployment and real GDP. D) inflation and real GDP.
Which of the following raises the equilibrium price and increases the equilibrium quantity of used cars?
A) a fall in income if used cars are an inferior good B) an increase in the wage rate paid to used car salespeople C) neither of the above because the question suggests a violation of the "law of demand" D) neither of the above because the question suggests a violation of the "law of supply"
The construct used to demonstrate efficient use of society’s resources is the
A. production possibilities frontier. B. payoff matrix. C. input–output table. D. cost-benefit table.
A tourist going to Europe would be happy if the real exchange rate ($/€) increased
Indicate whether the statement is true or false