The figure shows the U.S. supply of labor curve. What would be the effect on the labor supply curve of U.S. policies that restrict immigration? O A. A rightward shift of the supply of labor curve O B. A movement downward along the supply of labor curve from a point such as A to a point such as B O C. A movement upward along the supply of labor curve from a point such as C to a point such as B O D. E. A leftward shift of the supply of labor curve None of the above answers are correct because there would be no change in the supply of labor curve. Real wage rate (2009 dollars per hour) 100 75 50 25 O 100 LS 200 300 400 Labor (billions of hours per year)

The figure shows the U.S. supply of labor curve. What would be the effect on the labor supply curve of U.S. policies that restrict immigration? O A. A rightward shift of the supply of labor curve O B. A movement downward along the supply of labor curve from a point such as A to a point such as B O C. A movement upward along the supply of labor curve from a point such as C to a point such as B O D. E. A leftward shift of the supply of labor curve None of the above answers are correct because there would be no change in the supply of labor curve. Real wage rate (2009 dollars per hour) 100 75 50 25 O 100 LS 200 300 400 Labor (billions of hours per year)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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