Other things equal, the voluntary relocation of employable migrants from low-paying nations to high-paying nations will:
A. increase business or capitalist incomes in the low-paying nations.
B. reduce real output in the world.
C. increase business or capitalist incomes in the high-paying nations.
D. reduce wage rates in the low-paying nations.
Answer: C
Economics
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Refer to the diagram for a purely competitive producer. The firm's short-run supply curve is:
A. the abcd segment and above on the MC curve.
B. the bcd segment and above on the MC curve.
C. the cd segment and above on the MC curve.
D. not shown.
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Wait unemployment and search unemployment are both types of
A. structural unemployment. B. cyclical unemployment. C. frictional unemployment. D. hidden unemployment.
Economics