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4. Migration. The graph below shows the MPL as a function of the amount of labor for two economies: Home and Foreign. Home's origin is at the bottom left corner and Foreign's is at the bottom right. Home country workers initially earn a real wage of 70. 110 100 90 80 70 60 50 MPF Foreign 40 30 MP Home 20 10 Home 10 20 30 40 50 60 70 80 90 100 LForeign 100 90 80 70 60 50 40 30 20 10 What would be the effect of free labor mobility on Home's wage. Foreing's wage. Aggregate output.

4. Migration. The graph below shows the MPL as a function of the amount of labor for two economies: Home and Foreign. Home's origin is at the bottom left corner and Foreign's is at the bottom right. Home country workers initially earn a real wage of 70. 110 100 90 80 70 60 50 MPF Foreign 40 30 MP Home 20 10 Home 10 20 30 40 50 60 70 80 90 100 LForeign 100 90 80 70 60 50 40 30 20 10 What would be the effect of free labor mobility on Home's wage. Foreing's wage. Aggregate output.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 31CTQ: Is a decrease in the unemployment rate necessarily a good thing for a nation? Explain.
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4. Migration. The graph below shows the MPL as a function of the amount of labor for two economies: Home and Foreign. Home's origin is at the bottom left corner and Foreign's is at the bottom right. Home country workers initially earn a real wage of 70. 110 100 90 80 70 60 50 MP, Foreign 40 30 MP Home 20 10 Home 10 20 30 40 50 60 70 80 90 100 LForeign 100 90 80 70 60 50 40 30 20 10 What would be the effect of free labor mobility on Home's wage. Foreing's wage. Aggregate output.
Transcribed Image Text:4. Migration. The graph below shows the MPL as a function of the amount of labor for two economies: Home and Foreign. Home's origin is at the bottom left corner and Foreign's is at the bottom right. Home country workers initially earn a real wage of 70. 110 100 90 80 70 60 50 MP, Foreign 40 30 MP Home 20 10 Home 10 20 30 40 50 60 70 80 90 100 LForeign 100 90 80 70 60 50 40 30 20 10 What would be the effect of free labor mobility on Home's wage. Foreing's wage. Aggregate output.
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