According to the OECD's report on labour migration in Canada, which of the following best describes the Express Entry system?
1) Express Entry is a system for the accelerated processing of applications for permanent residence for applicants who pay a higher processing fee. Applicants who pay the normal fees are processed more slowly.
2) Express Entry is a two-step system for managing all of Canada's immigration programs. Foreign nationals seeking to come to Canada under an economic, family or humanitarian (refugee) program must submit 'expressions of interest.' They are then ranked using a comprehensive ranking system (CRS). The top-ranked candidates may be selected to file an application to come to Canada as permanent residents.
3) Express Entry is a two-step system for managing labour (economic) migration. Candidates submit 'expressions of interest' and are then ranked using a comprehensive ranking system (CRS). The top-ranked candidates may be selected to file an application to come to Canada as permanent residents. It is used for some but not all economic classes.
4) Express Entry is a system for allowing accelerated passage at ports of entry bordering the United States. To qualify, candidates must submit 'expressions of interest.' They are ranked