An economy that does not have interactions in trade or finance with other economies is referred to as

When income taxes are lowered in a given economy, it causes the supply of labor curve to shift __________which ___________ the equilibrium quantity of labor employed. In terms of the production function (graphed with labor on the horizontal axis and Real GDP on the vertical axis) this then causes _______________, which makes the LRAS curve shift ____________ resulting in ______________________

A) rightward; raises; the production function to shift upward; rightward; economic growth B) leftward; lowers; the production function to shift downward; leftward; a shrinking economy C) rightward; raises; a movement up along a given production function; rightward; economic growth D) rightward; raises; a movement down along a given production function; leftward; a shrinking economy

Use a supply and demand diagram to show how migration affects wages in a high-wage country and a low-wage country