refer to the following diagram. Initially, wage rates are WM in Country M and WU in Country U. Subsequent migration results in an equalization of wage rates.
-For Country M capital owners,migration causes a collective loss equal to area:

Question

refer to the following diagram. Initially, wage rates are WM in Country M and WU in Country U. Subsequent migration results in an equalization of wage rates.

-For Country M capital owners,migration causes a collective loss equal to area:

Quizplus · Accepted Answer

The Answer of refer to the following diagram. Initially, wage rates are WM in Country M and WU in Country U. Subsequent migration results in an equalization of wage rates. -For Country M capital owners,migration causes a collective loss equal to area: A)bgc B)ebcf C)0W_ebe D)W_ebcW_M

Refer to the Following Diagram