Multiple Choice
What is the overall long-run impact of labor immigration on returns to factors of production?
A) Returns to labor will increase and returns to capital will decrease.
B) Returns to labor and returns to capital will both increase.
C) Both relative and absolute returns to factors of production will not change.
D) Both relative and absolute returns to factors of production will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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