Why would a low-wage nation oppose emigration?
What will be an ideal response?
A low-wage nation would oppose emigration because it may generate what is commonly known as brain drains. Brain drains refer to the outflow of highly educated and skilled workers to other nations. Low-wage nations may also oppose emigration because it reduces the output produced and business income in those nations.
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Suppose that domestic investment in Canada is 10.7% of GDP, and Canadian national savings is 13% of GDP. What is Canada's foreign investment as a percentage of GDP?
A) 1.15% B) 2.3% C) 15.3% D) 23.7%
For those nations who fixed their currencies' exchange rates to the U.S. dollar, the rise of the dollar during the 90's was very good news,
a. True b. False Indicate whether the statement is true or false