Question

Please hurry

Which situations are common in a MIRAB economy?

Choose all answers that are correct.


Markets are controlled by the government.


Many residents migrate for economic reasons.


A large portion of families rely on remittances from relatives who live elsewhere.


The national budget is based almost entirely on exports.

Answer 1

Many residents migrate for economic reasons.

A large portion of families rely on remittances from relatives who live elsewhere.

Step-by-step explanation:

A MIRAB economy is a type of economy which has the aspects of:

1. (MI), remittance
2. (R) and foreign aid
3. (A/B) and the public bureaucracy

This economies are defined by the constant migration of its citizens to other states due to economic reasons.

The government relying on donations and remittances from without to run the nation.