Remittances refers to:
A. money paid to immigrants from hosting countries.
B. money sent home from immigrants working abroad.
C. the portion of money paid to immigrants that is not domestically taxed.
D. the money immigrants get from the government once they immigrate to a nation.
B. money sent home from immigrants working abroad.
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The graph shows the market for holiday condos in West Palm Beach. The equilibrium rent is ________ a week
A) any amount less than $1,550 B) any amount greater than $1,550 C) $1,550 D) $4,000 E) None of the above answers is correct.
If firms in a monopolistically competitive market are earning negative economic profits, it is likely that:
A. firms will enter the market. B. the firms in the market will expand to try to capture lower costs per unit. C. firms will exit the market. D. the firms in the market will shut down immediately.
In the presence of positive externalities, a market will charge ________ and produce ________.
A. the correct amount; too little B. too little; too little C. the correct amount; the correct amount D. too much; the correct amount
Suppose that the U.S. Open ticket costs $100 and the British Open ticket costs £50 and the exchange rate is $1.43. How much does the British Open ticket cost for an American attending the British Open?
What will be an ideal response?