What does the "brain drain" refer to and why is it a problem for developing countries?
What will be an ideal response?
The brain drain refers to the migration of skilled workers from one country to another. It is a problem for developing countries because skilled workers are more likely to migrate from countries with relatively low standards of living to countries that are wealthier.
You might also like to view...
What does the maturity of a bond indicate?
Figure 3-12
In , suppose D1 and S1 indicate initial conditions in the market for ice cream. Which of the following changes would tend to shift this market from D1 to D2?
a.
an increase in the price of milk, an ingredient used to produce ice cream
b.
an increase in the price of frozen yogurt, a substitute for ice cream
c.
a decrease in the price of sugar, an ingredient used to produce ice cream
d.
a decrease in consumer income