Suppose That the Government Eases Restrictions on the Immigration of Scientists

question 161

Multiple Choice

Suppose that the government eases restrictions on the immigration of scientists and engineers. What would happen in the labor market for these professions, all else equal?

• A) Equilibrium wages would rise, and labor quantity would fall.
• B) Equilibrium wages would fall, and labor quantity would rise.
• C) Both equilibrium wages and labor quantity would fall.
• D) Both equilibrium wages and labor quantity would rise.

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Definitions:

Business Customer

An individual or entity that purchases goods or services for business use, distinct from a consumer buying for personal use.

Major Supplier

A key provider of goods or services to a company, often crucial for the business's operations and success due to the volume or critical nature of the items supplied.

Product Life Cycle

The sequence of stages that a new product goes through from introduction to growth, maturity, and eventual decline in the marketplace.

Desktop Computers

Personal computers designed to be stationary and used at a desk, typically consisting of a monitor, keyboard, mouse, and tower or all-in-one unit.