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What will be the effect if the employable workers migrate from the low paying countries to the high paying countries? a) In the low paying countries the wage rate will decline b) There will be a decline in the real output and productivity in the economy c) In the high paying countries, there will be an increase in the business or capitalist income. d) In the low paying countries, there will be a decline in the business or capitalist income.

What will be the effect if the employable workers migrate from the low paying countries to the high paying countries? a) In the low paying countries the wage rate will decline b) There will be a decline in the real output and productivity in the economy c) In the high paying countries, there will be an increase in the business or capitalist income. d) In the low paying countries, there will be a decline in the business or capitalist income.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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What will be the effect if the employable workers migrate from the low paying countries to the high paying countries? a) In the low paying countries the wage rate will decline b) There will be a decline in the real output and productivity in the economy c) In the high paying countries, there will be an increase in the business or capitalist income. d) In the low paying countries, there will be a decline in the business or capitalist income.
Transcribed Image Text:What will be the effect if the employable workers migrate from the low paying countries to the high paying countries? a) In the low paying countries the wage rate will decline b) There will be a decline in the real output and productivity in the economy c) In the high paying countries, there will be an increase in the business or capitalist income. d) In the low paying countries, there will be a decline in the business or capitalist income.
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