The immigration of skilled scientists and engineers from other nations raises the wages of scientists and engineers.
Answer the following statement true (T) or false (F)
False
Immigration of scientists and engineers pushes the supply curve for engineers and scientists to the right, reducing the equilibrium wage.
You might also like to view...
Globalization and growing technology have produced
A) more opportunities for low-skilled labor than for high-skilled labor. B) equal opportunities for low-skilled and high-skilled labor. C) outsized, exponential rewards for superstar talent. D) rewards for labor that have reduced income inequality.
Intermediate goods and services are one of the largest components of the expenditure approach to measuring GDP
Indicate whether the statement is true or false
Suppose the total cost of producing T-shirts can be represented as TC = 50 + 2q. The marginal cost of the 5th T-shirt is
A) 2. B) 10. C) 12. D) 60.
The curve formed by plotting the value of the marginal product for workers against quantity of labor is:
A. downward sloping. B. upward sloping. C. perfectly elastic, for competitive firms. D. perfectly inelastic.