Free Labor Migration Is More Effective at Improving Welfare in Low-Income

question 102

True/False

Free labor migration is more effective at improving welfare in low-income countries than moving capital, because low-income countries do not have much capital per person.

---

Definitions:

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.

Position

Refers to the amount of a specific security, commodity or currency that is owned or controlled by an individual or entity.

Correlation

A statistical measure indicating the extent to which two variables change together.

Indices

Benchmarks or measures that track the performance of a specific basket of stocks, bonds, or other investment vehicles.