Under which circumstances is a Canada-based worker most likely to join the 'brain drain' and immigrate to the United States? When she can get an immediate pay raise in the USA Whenever the taxes that she faces in Canada are raised such that they exceed US taxes. Whenever the discounted present value of her earnings in USA exceed the discounted present value in Canada All of these above are possibilities

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.