In the destination country, who tends to lose from labor immigration?
A. The migrant workers
B. The labor unions
C. The consumers
D. The firms
B. The labor unions
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The monopoly producer
a. sets MU equal to P. b. sets MR = MC. c. has MC > MU. d. sets MR = P.
A common solution to monopoly in European countries is public ownership
a. True b. False Indicate whether the statement is true or false
If an increase in income results in a rightward parallel shift of the demand curve, then at any given price, the price elasticity of demand will have
A) increased in absolute terms. B) decreased in absolute terms. C) remained unchanged. D) increased, decreased or stayed the same. It cannot be determined.
What would be the impact on the monetary policy reaction curve if the Fed were to raise the target inflation rate?
A. A movement up the existing monetary policy reaction curve B. A movement down the existing monetary policy reaction curve C. The monetary policy reaction curve shifts to the right D. The monetary policy reaction curve shifts to the left