The outflow of highly-educated workers from low-income countries to high-income countries is called:
A. Backflow
B. Self-selection
C. Skill transferability
D. Brain drain
D. Brain drain
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The process by which financial institutions accept savings from businesses, households and governments and lend the savings to other businesses, households and governments is
A) asymmetric information. B) adverse selection. C) moral hazard. D) financial intermediation.
What is the average cost per unit for producing 3 units? a. 200. b. 260. c. 70
d. 110.
The crowding-out effect implies that restrictive fiscal policy will
a. increase aggregate demand and employment. b. lead to a significant increase in the natural rate of unemployment. c. be highly effective against inflation. d. reduce real interest rates.
The rate of inflation, excluding the effects of food and energy prices, is _____.
(A) Hyperinflation (B) The core inflation rate (C) The price index (D) The wage-price spiral