Multiple Choice
Which of the following summarizes the impact of immigration growth on the labor market?
A) This will increase the labor supply, reduce the equilibrium wage and increase the quantity of labor demanded.
B) There will be an increase in the demand for labor. As a result, the wage rate will rise and the quantity of workers supplied will decrease.
C) There will be an increase in the demand for jobs. This will result in an increase in the equilibrium wage rate and a movement along the labor supply curve.
D) There will be an increase in both the demand for labor and the supply of labor. As a result, the equilibrium wage will not change.
Correct Answer:

Verified
Correct Answer:
Verified
Q152: In equilibrium, what determines the price of
Q153: Article Summary<br>In the past three years, four
Q154: If the number of employees who quit,
Q155: The marginal productivity theory of income distribution
Q156: A decrease in the amount of human
Q158: Women typically earn less than men, even
Q159: Suppose a competitive firm pays a wage
Q160: Economic rent is defined as<br>A)what you pay
Q161: A firm might prefer to choose a
Q162: The benefit to the firm from hiring