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.

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Definitions:

Income Ratio

A metric used to evaluate the performance of a company by comparing income to other financial figures, often referred to as a profitability ratio.

Operating Activities

The day-to-day actions that are involved in running a business and generating revenue, such as selling products or services.

Indirect Method

In financial accounting, this method is used to prepare the cash flow statement, adjusting net income for changes in non-cash accounts to calculate cash flow from operating activities.

Operating Activities

Activities related directly to the production, sale, and delivery of a company's products and services, as reflected in its cash flow.