3.Answer the questions below. a.Explain what “brain drain” isand what are the reasonsfor it. b.Explain what “brain gain” is, by evaluating it in terms of economic development.
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3.Answer the questions below.
a.Explain what “brain drain” isand what are the reasonsfor it.
b.Explain what “brain gain” is, by evaluating it in terms of economic development.
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Solved in 3 steps
- Suppose Americans decide to save more of theirincomes. If banks lend this extra saving to businessesthat use the funds to build new factories, how mightthis lead to faster growth in productivity? Who doyou suppose benefits from the higher productivity? Issociety getting a free lunch?In what ways is your standard of living differentfrom that of your parents or grandparents when theywere your age? Why have these changes occurred?] Suppose that a football team is holding tryouts for various positions. A certain playertries out for both offensive line and defensive line. He ends up making the team as an offensivelineman. However, he is actually better at the defensive position. He is puzzled by this so he asksthe coach to explain. What do you think the coach told the player? Relate this to an economicconcept or concepts we have discussed.
- 4. Need help on a developmental family theory?? - What does developmental family theory mean?? - What are the stengths of the developmental family theory? - What are the weaknesses of the developmental family theoryQUESTION 20 Which af the fallawing is not an illustration of the notion of opportunity cost O A. The production of more military goods means fewer resources are available for civilian goods. O B. The land a Kansas farmer plants in wheat is not available for corn production. OCIFI buy a pizza, I will not be able to afford a mavie. O D.A growing economy can produce more consumer goods and mare capital goods at the same time. QUESTION 21 The diagram below shows the market for apples. Which of the following events might have caused the shift in the supply curve from S to S2 Pee OA. A sludy showing new health benelits af apples is published in the Washington Past O B. Orchad productivty increases due to a new fertiliser OC Orchard productivity decdines due to draught O D. None af the above QUESTION 22 When we study economics the objective is to learn: O A. how to allocate unlimited resources to satisly unlimited wants O B. how to allocate unlimited resources to satisfy limited uses O C. how…What causes people to move their resources around in search of the highest return? Select one: a. Cheap information technology like the internet. O b. People only care about the welfare of others. c. Government ensures that no one wastes resources. O d. People want to be as well off as they can be. Check Next page page Unit 4 Solutions Jump to... HW Unit 4 DUE March 3 ► ogged in as Ashli-Amari Bent (Log.out) 0on-2021/SPRING/DAY MacBook Pro G Search or type URL & ( 4 7 8 CO %24
- 2 Which of the following definitions of economics is combining Wealth, Welfare and Problems of Choice? a. Wealth Definition b. Scarcity definition. c. Welfare Definition d. Growth DefinitionWould an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?
- As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?Exercise D25 What role does government play in stabilizing the economy and what are the tradeoffs that must be considered?Which type of unemployment is experienced by an individual who has just finished completing his college degree? a. Frictional O b. Natural O c. Cyclical d. Structural