Laborland has 1 million workers. Suppose 50,000 workers migrate from a neighboring country to join Laborland's work force. Which of the following will happen in this case if Laborland's capital stock remains unchanged?

A) The country's income per worker will increase.
B) The total efficiency units of labor in the economy will decrease.
C) The relationship between output and capital stock becomes negative.
D) The marginal contribution of labor to Laborland's output will fall.

D

Economics

You might also like to view...

Illegal immigrants make up about what percent of all construction workers?

A. 17% B. 5% C. 32% D. 53%

Economics

A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule:Production Possibilities ScheduleProductABCDEFSteel012345Wheat100907555300Which of the following output-combinations is unattainable?

A. 4 units of steel and 55 units of wheat B. 95 units of wheat and 0 units of steel C. 30 units of wheat and 3 units of steel D. 1 unit of steel and 80 units of wheat

Economics