If IACs admit more temporary workers from DVC will it help DVC? Explain.
What will be an ideal response?
The major reason for such a policy would be to help relieve the surplus of workers in some DVC. If IACs allowed more temporary or seasonal workers from DVC that policy would help DVC through remittances. The temporary workers in IAC would remit some wages or salaries earned in IACs to family or relatives living in DVC thus helping to improve standards of living in DVCs. It also is possible for temporary workers to build human capital in IAC that they can then use when they return to DVC.
You might also like to view...
Use the following production possibilities frontier to answer the next question.
Which point or output-combination in the above graph could the nation produce only if it experienced economic growth?
A. combination E B. combination C C. combination F D. combination G
_____ and _____ are the two most important financial intermediaries
Fill in the blank(s) with correct word
An increase in the marginal propensity to save from .3 to .4 will cause
A) the ZZ line to become steeper and a given change in autonomous consumption (c0 ) to have a smaller effect on output. B) the ZZ line to become steeper and a given change in autonomous consumption (c0 ) to have a larger effect on output. C) the ZZ line to become flatter and a given change in autonomous consumption (c0 )) to have a smaller effect on output. D) the ZZ line to become flatter and a given change in autonomous consumption (c0 ) to have a larger effect on output.
A normal good is one for which
A. demand increases as income increases. B. the demand curve is horizontal. C. demand decreases as the price of a substitute increases. D. demand increases as income decreases.