When economists refer to the "brain drain" in developing countries what do they mean?
What will be an ideal response?
It is the tendency for talented people from developing countries to become educated in a developed country and remain there after graduation.
Economics
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"If the marginal product of labor curve slopes downward, then the average product of labor curve necessarily must slope downward." Explain whether the previous statement is correct or incorrect?
What will be an ideal response?
Economics
Which of the following cost curves is not generally U-shaped? a. AFC
b. AVC. c. ATC. d. MC.
Economics