In a Twist on the Traditional Brain Drain,when Skilled Immigrants

question 35

Multiple Choice

In a twist on the traditional brain drain,when skilled immigrants return to their home countries,the U.S.may lose its native talent to developing countries that offer researchers

• A)excitement and freedom of self-direction.
• B)support and facilities in areas such as stem cell research,which the U.S.has limited.
• C)enticing expat contracts.
• D)reasons to return home.

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Definitions:

Average Total Cost

The total cost of production divided by the total output or quantity produced, indicating the cost per unit of output.

Average Fixed Cost

The fixed costs of production (costs that do not change with the amount of output) divided by the quantity of output produced.

Profit-Maximizing Monopolist

A monopolist who adjusts the price or quantity of the product to maximize profit, considering the market's demand curve.

Equilibrium

A state in economic models where supply equals demand, leading to a stable market price and quantity.