The next three questions refer to the graph below , Ask an Expert

Economics

The next three questions refer to the graph below. (Assume that the premigration labor force in country A is a and that it is h in country

B.) Explain your answers with reference to areas in the graph (1, 2, etc.) or to letters (a, b, c, etc.).

1903_Migration of labor.png

(a) What will happen to wage rates in country A and country B because of the migration of labor from country B to country A?

(b) What will happen to domestic output in country A and country B after immigration?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9742374

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