________ is (are) estimated at approximately $100 billion per year.
A. Capital flight from the United States
B. Remittances sent from developed countries to less developed countries
C. Social overhead capital in the United States
D. The value of brain drain flowing into the United States
Answer: B
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Refer to the above figure. Suppose demand is D2 and then increases to D3. Economic rent after the change is
A) zero. B) area CIHF. C) area CIGO. D) area BJC.
Which of the following activities undertaken by a competitive firm can improve its public relations?
a. Investing in assets that cannot easily be redeployed to other uses or locations. b. Donating a portion of its annual profit to hurricane affected families c. Providing good quality products at a high price. d. Investing in in-house research
In 2012, approximately what income level was the cut-off point for defining a family as "rich"?
a. $72,000 b. $104,000 c. $143,000 d. $195,000
When economists say a good is scarce, they mean
a. there are only a limited number of consumers who would be interested in purchasing the good. b. the human desire for the good exceeds the amount freely available from nature. c. most people in poorer countries do not have enough of the good. d. the production of the good has no opportunity cost for society.