Consider a hypothetical economy in which only computers and shoes are produced. If two resources are being used, labor and capital, then any increase in immigration in the long run:
a. will decrease wages in the shoe industry.
b. will decrease wages in the computer industry.
c. will increase wages in the shoe industry.
d. will keep wages constant because marginal products do not change.
Answer: d. will keep wages constant because marginal products do not change.
Economics
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a. An increase or decrease in the raw materials costs. b. An increase in labor costs. c. Changes in the cost of the machinery used to make a good. d. Changes in the market price of a good, other things held constant.
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What amount of money was appropriated by Congress for fiscal stimulus bill of 2009?
A. $225 billion B. $252 billion C. $700 billion D. $787 billion
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