A New Phenomenon That Involves People Who Move Back and Forth

question 29

Multiple Choice

A new phenomenon that involves people who move back and forth between their country of origin and the adopted country to take advantage of career opportunities in both countries is called:

• A)Brain gain
• B)Brain drain
• C)Brain circulation
• D)Brain recycle

---

Definitions:

Constant Price

An economic term that refers to prices that have been adjusted for inflation, allowing for comparison of purchasing power over time.

Uniform Price

A pricing strategy where goods or services are sold at the same price to all customers, regardless of the quantity purchased.

Unit-Elastic

Denotes a situation where a one percent change in price leads to an equal one percent change in quantity demanded or supplied.

Price Ranges

Price ranges refer to the spectrum of potential selling prices for goods or services in a market, reflecting minimum and maximum values.