Multiple Choice
Suppose that workers immigrate to Minnesota from Canada. Which of the following correctly describes what would happen in the market for labor in Minnesota?
A) The equilibrium wage would increase, and the quantity of labor would increase.With more workers, the added output from an extra worker is larger.
B) The equilibrium wage would decrease, and the quantity of labor would decrease.With fewer workers, the added output from an extra worker is smaller.
C) The equilibrium wage would decrease, and the quantity of labor would increase.With more workers, the added output from an extra worker is smaller.
D) The equilibrium wage would decrease, and the quantity of labor would increase.With more workers, the added output from an extra worker is larger.
Correct Answer:
Verified
Correct Answer:
Verified
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