With Labor Migration, the Amount of Change in the Destination

question 54

Multiple Choice

With labor migration, the amount of change in the destination country's wage rates depends on the

• A)original supply of labor in that country.
• B)original supply of labor in the country of origin.
• C)elasticity of demand for labor in that country.
• D)elasticity of demand for labor in the country of origin.

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Definitions:

Labor's Share

The portion of national income or output that is allocated to workers in the form of wages, salaries, and other forms of compensation.

Total Costs

The full price of manufacturing, which includes both constant and fluctuating expenses.

Labor Cost

The total expenditure incurred by a company to pay its employees, including wages, benefits, and taxes.

Total Cost Ratio

Represents the sum of all costs (fixed and variable) associated with production, expressed as a ratio over a specific period.