Symbols: Q = number of workers demanded; W = wage rate; and VTP = value of the cumulative total product (output) of the particular number of workers. Assumptions: (1) The current wage in Zinnia is $18, and the current wage in Marigold is $10; (2) full employment exists in both countries.Refer to the given data, symbols, and assumptions. Migration of workers will
A) increase the combined value of total product but reduce the wage in Zinnia.
B) increase the combined value of total product but reduce the wage in Marigold.
C) reduce the combined value of total product but increase the wage in Marigold.
D) reduce the combined value of total product but increase the wage in Zinnia.
Correct Answer:
Verified
Q52: Economic analysis suggests that immigration can either
Q53: In 2017, the greatest number of legal
Q54: Economic immigrants
A)are defined as any international migrants
Q55: Q56: The U.S. Census Bureau estimates that from Q58: About _ of recent annual labor force Q59: According to the Office of Immigration Statistics, Q60: Approximately how many people became permanent legal Q61: Immigrants tend to choose countries closer to Q62: "Beaten paths" from one country to another
A)discourage
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