Author Question: What does the brain drain refer to and why is it a problem for developing countries? What will be ... (Read 63 times)

Jkov05 · **on:** Jun 30, 2018

What does the brain drain refer to and why is it a problem for developing countries?

What will be an ideal response?

Question 2

Given the information in the table above, Foreign's opportunity cost of widgets is

A) 0.5.
B) 2.0.
C) 6.0.
D) 1.5.
E) 3.0.

perkiness · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

The brain drain refers to the migration of skilled workers from one country to another. It is a problem for developing countries because skilled workers are more likely to migrate from countries with relatively low standards of living to countries that are wealthier.

Answer to Question 2

A