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Eva8 [605]
3 years ago
15

Suppose that workers from northern Minnesota, North Dakota, and Montana decide to emigrate to southern Canada. Refer to Scenario

18-5. In the labor market in the northern United States, the equilibrium wage a. and the equilibrium quantity of labor will rise. b. and the equilibrium quantity of labor will fall. c. will rise, and the equilibrium quantity of labor will fall. d. will fall, and the equilibrium quantity of labor will rise.
Business
2 answers:
irga5000 [103]3 years ago
7 0

Answer:

c. The equilibrium wage will rise, and the equilibrium quantity of labor will fall

Explanation:

Because of the emigration of workers from the Northern Minnesota to Southern Canada, the equilibrium wage rates will rise and quantity of labor will fall.

This happens because the workers that left have already created a vacuum that will be eager to be filled by their employers who will be willing to increase wages for incoming workers to serve two purposes:

1. To entice them to work for the company and fill the vacuum

2. To try to make sure they stay and not leave another vacuum.

The reason the quantity of labour will fall is because of that vacuum created by the departed workers. It's this drop in labor that will make the equilibrium wages to increase.

jekas [21]3 years ago
5 0

Answer:

The correct option is C

Explanation:

The equilibrium market wage rate is at the intersection of the supply and demand for labour. Employees are hired up to the point where the extra cost of hiring an employee is equal to the extra sales revenue from selling their output, while labor market equilibrium is the balanced situation where the supply of potential employees is equal to the demand

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Explanation:

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Thus, from the above we can conclude that the correct option is B.

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<h3>What do you mean by exchange rates?</h3>
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7 0
1 year ago
The biggest factor in determining the price of a mortgage is :
djyliett [7]

I believe the answer is: D the total cost of the home


Average mortgage price in united states is between 3-6% of the total cost of the home. While other options above might influence the cost of the mortgage, the amount wouldn't even nowhere near the amount that influenced by the total cost of the home which most likely exceed $100,000

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3 years ago
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3 years ago
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Why is the top of the list of the highest-grossing films of all times dominated by movies made within the last 10 years? (Hint:
BlackZzzverrR [31]

Answer:

The correct answer is that the price of the tickets has risen over time, which leads for the studios to make more money and in real terms than they did in the past.

Explanation:

As the top of the list means that the film which is on top of the list as in most liking film by the people and gathering the highest of all times.

So, if the film is liking by the people the most will result in increasing or rise in the price of the tickets which in turn benefit the studios in earning the huge amount of money through this film and in the real terms. than it did in the past.

NOTE: The correct option is missing so providing the direct answer.

7 0
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