Multiple Choice
Symbols: Q = number of workers demanded; W = wage rate; and VTP = value of the cumulative total product (output) of the particular number of workers. Assumptions: (1) The current wage in Zinnia is $18, and the current wage in Marigold is $10; (2) full employment exists in both countries.Refer to the given data, symbols, and assumptions. Migration of workers will
A) increase the combined value of total product but reduce the wage in Zinnia.
B) increase the combined value of total product but reduce the wage in Marigold.
C) reduce the combined value of total product but increase the wage in Marigold.
D) reduce the combined value of total product but increase the wage in Zinnia.
Correct Answer:
Verified
Correct Answer:
Verified
Q130: The major reasons why people immigrate into
Q131: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q132: Economists point out that the strong inflow
Q133: There were over one million legal immigrants
Q134: One generally recognized positive effect of illegal
Q136: Native-born workers may not be harmed by
Q137: The simple immigration model suggests that, for
Q138: Suppose that Rosa is considering migration to
Q139: Illegal immigration helps improve the standard of
Q140: Define remittances.