"Backflows" occur when:
A. two countries send immigrants to each other in approximately equal numbers.
B. physical capital flows into a country that has lost labor due to migration.
C. immigrants send financial payments back to family in their country of origin.
D. migrants return to their home country.
Answer: D
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The analysis of the behavior of individual decision-making units is the definition of
A) microeconomics. B) positive economics. C) macroeconomics. D) normative economics.
In Latin America, countries like Brazil and Mexico have found it necessary to grant their central banks more independence in order to
a. maintain higher levels of political stability. b. promote economic growth and employment. c. counteract high rates of inflation. d. deal with the consequences of globalization.