Without productivity growth, what is the long run the effect of labor migration?
a. There will be an increase in production in the sector using labor (or capital) intensively.
b. There will be clear gains to owners of capital versus labor.
c. There will be clear gains to labor versus owners of capital.
d. There will be a shift of world resources toward the highincome nations.
Ans: a. There will be an increase in production in the sector using labor (or capital) intensively.
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The concept of opportunity cost is illustrated by: a. a movement from the interior of the production possibilities curve to the frontier
b. a movement from the production possibilities curve to its interior. c. a movement from a point on the production possibilities curve to the northeast. d. a movement along the production possibilities curve, as production of one good falls in order to increase production of another.
All of the following are designed to reduce health care expenses for consumers except:
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