What happens to the equilibrium wage rate in the US and Canada when more American workers migrate to the Canada?
A) The real wage in Canada will increase while the real wage in the US will decrease.
B) The real wage in Canada and the US will increase.
C) The real wage in Canada will decrease while the real wage in the US will increase.
D) The real wage in Canada and the US will decrease.
Correct Answer:
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Q27: When constructing a production function between labor
Q28: Q29: What happens to the equilibrium wage rate Q30: A tax on labor causes a larger Q31: The production function described in the chapter Q33: The real wage is the wage rate Q34: When the economy experiences a recession, the Q35: The production function is Y = 2K0.5L0.5.
A)
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