Suppose That the Market for Labor Is Initially in Equilibrium

question 56

Multiple Choice

Suppose that the market for labor is initially in equilibrium. An increase in immigration will cause the equilibrium wage

• A)and the equilibrium quantity of labor to rise.
• B)and the equilibrium quantity of labor to fall.
• C)to rise and the equilibrium quantity of labor to fall.
• D)to fall and the equilibrium quantity of labor to rise.

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Definitions:

Res Ipsa Loquitur

Literally, the thing speaks for itself. A doctrine that, in some circumstances, gives rise to an inference that a defendant was negligent and that his negligence was the cause of the plaintiff’s injury.

Doctrine

A belief or set of beliefs held and taught by a church, political party, or other group.

Negligent Hiring

The failure of an employer to perform due diligence during the hiring process, resulting in the recruitment of an individual who causes harm or poses a risk to others.

Respondeat Superior

A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of employment or representation.