Multiple Choice
Wage rate differentials between nations are likely to narrow as
A) the MRPs of workers in high-wage countries increase
B) noncompeting labor markets become more prevalent
C) workers move more freely to high-wage countries
D) capital migrates to high-wage countries
E) workers in high-wage countries become more educated
Correct Answer:

Verified
Correct Answer:
Verified
Q147: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit O-1,
Q148: Because people are more health conscious today
Q149: The change in total output when one
Q150: The marginal physical product of labor increases
Q151: The usual shape for a labor supply
Q153: A violation of the W = MRP
Q154: The marginal revenue product is<br>A) TR/P<br>B) w/Q<br>C)
Q155: A new technology that increases labor productivity
Q156: Wage differentials between industries can be affected
Q157: If the demand for a good increases,