Multiple Choice
The figure given below represents the effects in the labor markets due to migration. Here the world has been divided into a high-income "North" (left panel) and a low-income "South" (right panel) . Dn and Sn are the labor demand and the labor supply curves in North. Ds and (Sr + Smig) are the labor demand and pre-migration labor supply curves in South. Sr is the post-migration labor supply curve in South. The value c is the cost of migrating. After migration of the workers, the workers in North earn _____ per hour and South workers earn _____ per hour.
A) $6.75; $4.25
B) $8.00; $4.25
C) $6.75; $3.00
D) $8.00; $3.00
Correct Answer:

Verified
Correct Answer:
Verified
Q38: The figure given below represents the effects
Q39: The figure given below represents the effects
Q40: In the past three decades many developing
Q41: Which of the following groups are positively
Q42: Foreign Direct Investment (FDI) refers to:<br>A)the flow
Q44: The figure given below represents the effects
Q45: Foreign Direct Investment is used for all
Q46: It is easier to transfer capital from
Q47: Which of the following provides a good
Q48: Which of the following refers to transfer