Immigrants tend to be ________ skilled labor and ___________ unskilled labor

Refer to Scenario 2 . What would be the impact of improvements in technology assuming that each country spends one-half of its resources on capital goods?

What will be an ideal response?

Refer to Figure 3-1. If the product represented is a normal good, an increase in income would be represented by a movement from

A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.