Define remittances
What will be an ideal response?
Remittances are money transfers made by migrants to their family members in their home countries. For example, the World Bank estimates that $24 billion of remittances flowed to Mexico from other countries in 2011. Most remittances flow to developing countries and help redistribute the net gain from migration between low-wage and high-wage countries.
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Which of the following is true (assume the small country case)?
A) With a quota, an increase in demand leads to a higher price and more imports. B) With a tariff, an increase in demand leads to a higher price and more imports. C) With either a tariff or a quota, an increase in demand leads to a higher price and more imports. D) None of the above are true.
If real GDP was 100 in 2015 and 104.4 in 2016, the growth rate of real GDP between 2015 and 2016 was:
A. 2.2 percent. B. 4.4 percent. C. 100 percent. D. 102.2 percent.
In the United States, most often the ________ changes first, and the ________ follows.
A. GDP deflator; CPI B. PPI; CPI C. PCE; CPI D. CPI; PPI
Assume that there is a supply and demand market for non-preferred workers. If prejudice against these workers among employers decreases, then there will be a(n):
A. Increased supply of these workers, a rise in their wage rate, and a decrease in their employment B. Increased demand for these workers, a rise in their wage rate, and an increase in their employment C. Decreased supply of these workers, a fall in their wage rate, and a decrease in their employment D. Decreased demand for these workers, a fall in their wage rate, and a decrease in their employment