The "Brain Drain" Is

question 71

Multiple Choice

The "brain drain" is

• A) of concern primarily to host countries.
• B) of concern primarily to source countries.
• C) the movement of capital from a source country to a host country.
• D) the simultaneous movements of capital and labor from a source country to a host country.

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Definitions:

Returns To Scale

The change in output resulting from a proportional change in all input factors; identifies if output increases at a faster, equal, or slower rate than inputs.

Marginal Rate Of Substitution

The pace at which a consumer opts to swap one item for another, ensuring their overall happiness remains unchanged.

Marginal Product

The additional output that an additional unit of input (such as labor or capital) will produce, holding all other inputs constant.

Returns To Scale

The change in output resulting from a proportional change in all input factors where all inputs are increased or decreased by the same factor.