The largescale labor migration that occurred during 1870 to 1913 from Europe to America wages in the destination nations and wages in the source nations, thus leading to _ of wages between the regions.

a. lowered; raised; convergence
b. raised; raised; divergence
c. lowered; lowered; divergence
d. raised; lowered; convergence

Ans: a. lowered; raised; convergence

Economics

Refer to Figure 18.1. The United States has a comparative advantage in the production of

A) bicycles. B) hang gliders. C) both bicycles and hang gliders. D) neither bicycles nor hang gliders.

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Economics

Why do cartels tend to break up?

What will be an ideal response?

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Economics

The largescale labor migration that occurred during 1870 to 1913 from Europe to America ____ wages in the destination nations and ____ wages in the source nations, thus leading to _____ of wages between the regions.