Brain Drain Is the Loss of the Best and Brightest

question 188

True/False

Brain drain is the loss of the best and brightest people to other countries.
Level of Learning 1: Knowledge of key terms

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Definitions:

Government Intervention

Involves the actions taken by government or public authorities to influence the workings of the market economy.

Adverse Selection Problem

A situation in markets where buyers and sellers have asymmetric information, leading to high-quality goods or services being ousted by lower-quality ones.

Buyers

Individuals or entities that purchase goods or services for personal use or for resale.