Multiple Choice
In the very long run, theoretically there will be
Equilibrium if capital and labor are free to migrate.If
And when this ever happens, what will the global
Economy experience?
A) an equality of wages and marginal product
B) an equality of returns to the owners of capital
C) a fully Paretoefficient world economy with the highest standard of living possible
D) an equality of wages and marginal product, an equality of returns to the owners of capital, and a fully
Paretoefficient world economy with the highest
Standard of living possible
Correct Answer:
Verified
Correct Answer:
Verified
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