The situation where movers are less capable and less motivated than similarly educated people who don't migrate is called:

A. Backflow

B. Brain drain

C. Reverse migration

D. Negative self-selection


D. Negative self-selection

Economics

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Which of the following is not "crowded out" by higher interest rates as a result of expansionary fiscal policy?

A) net exports B) private investment C) consumption D) government spending

Economics

Suppose there are 1000 identical wheat farmers. For each, TC = 10 + q2. Market demand is Q = 600,000 - 100p. Derive the short-run equilibrium Q, q, and p. Does the typical firm earn a short-run profit?

What will be an ideal response?

Economics

Which of the government policies below is not likely to encourage per capita economic growth?

a. High taxes on companies that spend a lot on capital formation b. The use of tax revenues for investment and capital formation c. Special subsidies for capital-intensive forms of production d. Promotion of education and training programs for workers

Economics

If Sam's manufacturing plant is in a perfectly competitive labor market where the current wage is $14 per hour, his firm can expect to drive up wages if it expands its operations by 50%

Indicate whether the statement is true or false

Economics