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Business, 30.10.2019 05:31 Savageboyn
Suppose the market for low-skilled labor is in equilibrium, and then two things happen at the same time. first, a large number of low-skill immigrants enters the country, competing with domestic low-skill workers. second, these immigrants all want to buy more goods and services, and they typically buy goods produced by low-skill workers. which of the following will occur in the market for low-skill workers a. the number of workers employed will rise, but we cannot tell what will happen to the wage rate. b. the wage rate will fall, but we cannot tell what will happen to the number of workers. c. the number of workers employed will fall, but we cannot tell what will happen to the wage rate. d. the number of workers employed will rise, and the wage rate will fall.
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Suppose the market for low-skilled labor is in equilibrium, and then two things happen at the same t...
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