Between 1870 and 1913, labor migration from the "Old
World" (Europe) to the "New World" (the United States,
Canada, and Australia):
A)decreased the rate of growth of real wages in the New World and increased the rate of growth of real
Wages in the Old World.
B)increased the rate of growth of real wages in the New World and decreased the rate of growth of real
Wages in the Old World.
C)decreased the rate of growth of real wages in both the New and Old Worlds.
D)increased the rate of growth of real wages in both the New and Old Worlds.

Question

Quizplus · Accepted Answer

Labor migration from Europe to the New World increased the labor supply in the New World, which slowed the growth of real wages there, while reducing the labor supply in the Old World, which increased the growth of real wages in Europe.

Between 1870 and 1913, Labor Migration from the "Old