An increase in immigration would
a. have no effect on the labor supply curve and real wages.
b. shift the labor supply curve to the left and increase real wages.
c. shift both the labor demand curve and the labor supply curve to the left.
d. shift the labor supply curve to the right and decrease real wages.
D
Economics
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The average product of labor is equal to the
A) total product divided by the total number of workers hired. B) total number of workers hired divided by the total product. C) slope of the marginal product of labor curve. D) Both answers B and C are correct.
Economics
If the percentage change in quantity demanded is less than the percentage change in price, we would say that over this range, demand is:
A) elastic. B) unit elastic. C) inelastic. D) perfectly elastic.
Economics