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(Table: Production and Prices in Two Industries) Using the Information

Question 54

Multiple Choice

(Table: Production and Prices in Two Industries) Using the information from the table, we can expect which of the following to happen in the economy? (Table: Production and Prices in Two Industries)  Using the information from the table, we can expect which of the following to happen in the economy?   A)  Labor will migrate from the agriculture to the manufacturing sector. B)  Labor will migrate from the manufacturing to the agriculture sector. C)  The marginal product of labor in the agriculture sector will increase. D)  The marginal product of labor in the manufacturing sector will decrease.


A) Labor will migrate from the agriculture to the manufacturing sector.
B) Labor will migrate from the manufacturing to the agriculture sector.
C) The marginal product of labor in the agriculture sector will increase.
D) The marginal product of labor in the manufacturing sector will decrease.

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