Question

What is a remittance? 1) An important commodity that attracts a lot of capital from overseas. 2) Form of capital that migrants send back to their home country. 3) Increased capital mobility that attracts investment but may lead to rapid and destabilizing capital flows. 4) The level of foreign direct investment that is highly variable at the aggregate and national level.

          What is a remittance?
1) An important commodity that attracts a lot of capital from overseas.
2) Form of capital that migrants send back to their home country.
3) Increased capital mobility that attracts investment but may lead to rapid and
destabilizing capital flows.
4) The level of foreign direct investment that is highly variable at the aggregate
and national level.

What is a remittance?
1) An important commodity that attracts a lot of capital from overseas.
2) Form of capital that migrants send back to their home country.
3) Increased capital mobility that attracts investment but may lead to rapid and
destabilizing capital flows.
4) The level of foreign direct investment that is highly variable at the aggregate
and national level.

Added by Mary B.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Sanchit Jain

02/12/2024

Step 1

The question asks for the definition of a remittance. Options 1, 2, 3, and 4 provide different definitions related to capital flows and investment. Show more…

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What is a remittance? 1) An important commodity that attracts a lot of capital from overseas. 2) Form of capital that migrants send back to their home country. 3) Increased capital mobility that attracts investment but may lead to rapid and destabilizing capital flows. 4) The level of foreign direct investment that is highly variable at the aggregate and national level.