Suppose That Workers Immigrate to Minnesota from Canada

question 103

Multiple Choice

Suppose that workers immigrate to Minnesota from Canada. Which of the following correctly describes what would happen in the market for labor in Minnesota?

• A) The equilibrium wage would increase, as would the quantity of labor. With more workers, the added output from an extra worker is larger.
• B) The equilibrium wage would decrease, as would the quantity of labor. With fewer workers, the added output from an extra worker is smaller.
• C) The equilibrium wage would decrease, and the quantity of labor would increase. With more workers, the added output from an extra worker is smaller.
• D) The equilibrium wage would decrease, and the quantity of labor would increase. With more workers, the added output from an extra worker is larger.

---

Definitions:

Operating Income

Earnings generated from a company's core business operations, excluding deductions of interest and taxes.

Credit Sales

Transactions where goods are sold and payment is received at a later date, extending credit to the buyer.

Gain from Sale

The profit realized from the sale of assets or investments when the selling price exceeds the original purchase price.

Operating Income

The profit earned from a firm's core business operations, excluding deductions of interest and taxes.