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.
You might also like to view...
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.
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
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.
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