When the supply of labor increases, according to the specificfactors model, which of the following is likely to happen in the sending country?
a. The number of workers employed will decrease.
b. The wages for workers will rise.
c. The marginal product of labor shifts to the right.
d. All of these are likely to happen in the sending country.
Ans: d. All of these are likely to happen in the sending country.
Economics
You might also like to view...
If a curve rises and then falls, it shows a
A) maximum. B) minimum. C) linear relationship. D) constant slope relationship.
Economics
If there were no adverse selection problems in the stock market,
A) some well-run firms would pay more to raise funds. B) some poorly-run firms would pay less to raise funds. C) the willingness of savers to invest in the market would be increased. D) the volume of new stock issues would be lower.
Economics