Which of the following is an example of the "brain drain?"
a. A country's most highly educated workers emigrate to rich countries.
b. A country has such a poor educational system that human capital falls over time.
c. The population of a country grows so fast that the educational system can't keep up.
d. A country steals patented technology from another country.
a
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During most of the time in recent decades, the government sector
A) has not spent more than it collected in taxes. B) has run large deficits. C) has run large surpluses. D) has balanced its budget every year.
According to the principle of asset valuation, the value of any asset is equal to
a. the sum of all the future benefits it generates b. the revenue it generates during its first year c. the sum of the present values of all the future net benefits it generates d. the ratio of its final year's benefits to its price e. the sum of all future benefits it generates minus its price
When farmers take part in the soil-bank program, they receive
a. additional allotments of acreage in the future b. income, including government subsidies, for goods produced on that land c. payments for producing nothing on the acres put into the soil bank d. preferential tax treatment e. residential property tax credits
Describe the differences between M1 and M2