The H-1B Employment Visa Is No Longer Available Because of the High

question 88

True/False

The H-1B employment visa is no longer available because of the high unemployment rate that began during the 2007/2009 recession.

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Definitions:

Purchasing-power Parity

A theory that states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.

Nominal Exchange Rate

The rate at which one country's currency can be exchanged for another country's currency without adjusting for inflation rates.

Real Exchange Rate

The rate at which goods and services of one country can be exchanged for those of another, adjusting for price level differences.

Trade Deficit

The economic condition that occurs when a country imports more goods and services than it exports.