Examlex
For which of the following would the income effect of a price change be greatest?
Low-skilled Labor
Work that requires minimal specialized skills, education, or training.
Illegal Immigrants
Individuals who enter or reside in a country without the proper authorization or documents required by immigration laws.
Marginal Benefits
The additional advantage or gain derived from receiving or consuming one additional unit of a product or service.
Marginal Costs
The added cost involved in producing another unit of a product or service.
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