What are remittances and what role do they in developing countries? How could this potentially benefit an economy?
What will be an ideal response?
An answer should pose a definition, mention how remittances reduce poverty for many migrants and their families, and speak to the possible net increase in labor force skills driven by the desire to emigrate.
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Refer to Scenario 15.6. The expected NPV of the computer purchase is approximately
A) $3,200. B) $5000. C) $10,000. D) $68,000. E) $96,000.
Deadweight loss from monopoly power is expressed on a graph as the area between the
A) competitive price and the average revenue curve bounded by the quantities produced by the competitive and monopoly markets. B) competitive price line and the marginal cost curve bounded by the quantities produced by competitive and monopoly markets. C) competitive price line and the monopoly price line bounded by zero output and the output chosen by the monopolist. D) average revenue curve and the marginal cost curve bounded by the quantities produced by competitive and monopoly markets.