Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) The migration of labor from low-income country B to high-income country A will:
A. Increase wages in country A and decrease wages in country B
B. Decrease wages in country A and decrease wages in country B
C. Decrease wages in country A and increase wages in country B
D. Increase wages in country A and increase wages in country B
C. Decrease wages in country A and increase wages in country B
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A rent ceiling set above the equilibrium rent efficiently allocates resources in the housing market
Indicate whether the statement is true or false
Differences in human capital and discrimination can help explain economic inequality
Indicate whether the statement is true or false
Refer to the above figures. A quota is placed on a foreign good. Which figure represents the situation in the domestic market for a competing domestic good?
A) Panel A B) Panel B C) Panel C D) Panel D
Which of the following is a component of aggregate demand?
A. Consumption B. Income C. Taxes D. Transfer payments