refer to the following information given in the table below. There are initially 28 workers in market A and 63 workers in market B as indicated by the shaded cells. All markets are assumed competitive and there is perfect information and costless migration; jobs in markets A and B are identical in all nonwage aspects.

-Given the initial situation,which one of the following may be expected to occur?
A)Workers will migrate from A to B
B)Workers will migrate from B to A
C)There will be no migration of workers
D)A migration pattern cannot be determined from the information

Question

refer to the following information given in the table below. There are initially 28 workers in market A and 63 workers in market B as indicated by the shaded cells. All markets are assumed competitive and there is perfect information and costless migration; jobs in markets A and B are identical in all nonwage aspects.

-Given the initial situation,which one of the following may be expected to occur?

-Given the initial situation,which one of the following may be expected to occur?
A)Workers will migrate from A to B 
B)Workers will migrate from B to A 
C)There will be no migration of workers 
D)A migration pattern cannot be determined from the information

Quizplus · Accepted Answer

Market B has a larger number of workers, which will mean greater competition for jobs and potentially lower wages. This will make market A more attractive to workers, which may incentivize them to migrate from B to A in search of better job opportunities and higher wages. Therefore, we may expect workers to migrate from A to B.

Refer to the Following Information Given in the Table Below