Which of the following would likely occur if a larger number of highly skilled workers were allowed to immigrate to the U.S.?
a. The average wage for highly skilled workers would decline.
b. The average wage for highly skilled workers would increase.
c. The supply curve for highly skilled workers would shift to the left.
d. The demand curve for highly skilled workers would flatten out.
a. The average wage for highly skilled workers would decline.
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If the Fed wishes to decrease the supply of money and credit, it may sell government securities, raise the discount rate, or lower required reserve ratios
Indicate whether the statement is true or false
During periods of U.S. prosperity,
a. imports from other countries are undesirable b. imports from other countries are sought out c. countries importing goods to the U.S. may use their earnings to buy American goods d. countries importing goods to the U.S. are unable to buy American goods