A) What are remittances? (1 point)
the movement of people from one place to another
money sent back to people in an immigrant’s home country
the forming of a new culture from mixing meanings and practices of multiple groups
a measure of the share of society not contributing as much economically, such as the young and old
Remittances are money sent back to people in an immigrant's home country.
B) How do remittances benefit the home country? (1 point)
Remittances benefit the home country in several ways:
1. Economic support: Remittances provide a significant source of income for families and communities back home, which helps to alleviate poverty and improve living standards.
2. Economic growth: The influx of remittances can contribute to the overall economic growth of the home country. It can boost consumer spending, stimulate business activities, and create job opportunities.
3. Investment and development: Remittances can be used to invest in various sectors such as infrastructure, education, healthcare, and business ventures. This can contribute to long-term development and progress in the home country.
4. Financial stability: Remittances provide a stable source of foreign exchange, which can help stabilize the country's currency and improve its balance of payments.
5. Social support: Remittances can support social welfare programs, such as improving access to healthcare, education, and social services for the population.
Overall, remittances play a crucial role in supporting the home country's economy, reducing poverty, and improving the well-being of its people.
The correct answer is: money sent back to people in an immigrant’s home country.
To arrive at this answer, you can apply the process of elimination by assessing each option.
Option A, "the movement of people from one place to another," refers to migration rather than remittances.
Option C, "the forming of a new culture from mixing meanings and practices of multiple groups," is unrelated to remittances, as it describes cultural assimilation.
Option D, "a measure of the share of society not contributing as much economically, such as the young and old," is a definition of dependency ratio, which is not related to remittances.
Therefore, the only remaining option, Option B, "money sent back to people in an immigrant’s home country," is the correct definition of remittances.