Migrant Workers Around the World Sent Home About _____ in 2016

question 82

Multiple Choice

Migrant workers around the world sent home about _____ in 2016.

• A) $1 billion
• B) $15 billion
• C) $235 billion
• D) $536 billion
• E) $1,000 billion

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Definitions:

Decline In Demand

A situation where consumers' desire and ability to purchase a product or service decreases, often reflected in lower sales volumes.

Industry Exit

The process of a business ceasing operations in a particular industry, often due to economic factors, competitive pressures, or changes in market demand.

Economic Profits

Earnings that exceed the total costs of production, including both explicit and implicit costs, representing a return above the firm's opportunity costs.

Industry Growth

Industry growth refers to the expansion and increased output of a specific sector of the economy, driven by factors like demand, innovation, and investment.