Consider a hypothetical economy in which onlycomputers and shoes are produced and in whichcomputer production is capital intensive compared withshoe production. if two resources are being used, laborand capital, then any increase in immigration in thelong run:

a. will cause the capital­labor ratio to increase in thecomputer industry.
b. will cause the capital­labor ratio to increase in theshoe industry.
c. will cause the capital­labor ratio to increase in boththe industries.
d. will increase the number of workers employed in theshoe industry

The correct answer is (D)

Explanation:

In a hypothetical economy, the increase in immigration, in the long run, will increase the number of workers in the shoe industry. The shoe industry is less capital intensive compared to the computer industry, which is why immigration will increase the number of workers in the shoe industry because it is more labour incentive. The other reason is the demand for labour in the computer industry is less because it is capital intensive industry.

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%