Multiple Choice
According to the specific-factors model, what happens when the supply of labor increases?
A) The number of workers employed will decrease.
B) The wages of workers will rise.
C) The marginal product of labor will increase.
D) The wages of workers will decrease.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: In the long run, an increase in
Q4: Which group of U.S. citizens is most
Q5: Emigration and immigration are:<br>A) when workers leave
Q6: If a person leaves Sweden to work
Q7: What is the Schengen Area?<br>A) An area
Q9: In the short-run (specific-factors) model, foreign direct
Q10: In recent years, most migrants to Europe:<br>A)
Q11: In the short run, immigration lowers wages
Q12: In which U.S. educational categories were foreign-born
Q13: Skill-biased technological changes benefit:<br>A) educated workers more