Remittances and Backflows of Experienced Workers

question 84

Multiple Choice

Remittances and backflows of experienced workers

• A) reduce the efficiency gains from migration.
• B) reverse wage equalization that occurred with the original migration.
• C) exacerbate the problem of "brain drain" from developing nations.
• D) redistribute gains toward the original emigrant nation.

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Definitions:

Conversion Costs

Costs that are incurred to convert raw materials into finished products, typically including direct labor and manufacturing overhead.

Completed Units

The term refers to items that have been fully manufactured, processed, or finished and are ready for sale.

Equivalent Units

A calculation used in process costing to convert partially completed units into a number of fully completed units.

First-In, First-Out

An inventory valuation method where the first items placed in inventory are the first ones to be used or sold.