"Brain-drain" refers to the:
A. Relatively low levels of human capital in low-income countries
B. Impact of migration on human capital levels in high-income countries
C. Emigration of highly educated workers to higher income countries
D. Inability of workers in low-income countries to achieve the levels of human capital possessed by workers in high-income countries.
C. Emigration of highly educated workers to higher income countries
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In the graph for the consumption function, the 45-degree line
A) contains only a consumption component.
B) represents both planned consumption and planned investment.
C) shows various combinations where planned consumption equals real disposable income.
D) reflects a decreasing APC as real disposable income rises.
If the exchange rate changes from $1 = 1.2 euros to $1 = 1.4 euros, then the U.S. dollar _____ and the euro _____.
a) appreciated; depreciated b) depreciated; appreciated c) depreciated; depreciated d) appreciated; appreciated
Suppose a developing country is falling further behind the developed countries that it neighbors. As an economic consultant, you are called to look at its policies to recommend changes. If you saw all of the following on your visit, which of them could be an explanation for the slow growth in the economy?
A. You see that the roads, bridges, and ports are in terrible shape. B. You see that new companies require few licenses to move their exports. C. You see that the central bank does not pay attention to what the elected officials want. D. You see that literacy rates rival those of its developed neighbors.
According to the text, a typical resident born in an advanced nation in the early 1980s would
A. experience a lower level of per capital real GDP by 2000. B. experience about 40% larger in per capital real GDP by 2000. C. experience two times larger in per capital real GDP by 2000. D. experience almost the same per capital real GDP by 2000.