Suppose That the Market for Labor Is Initially in Equilibrium

question 17

Multiple Choice

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

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

---

Definitions:

Social Standing

An individual's or group's position within a societal hierarchy, determined by factors such as wealth, occupation, education, and family background.

Rebellious

Characterized by resistance against authority or control, often manifested in actions or attitudes seeking to bring about change in societal norms, policies, or personal circumstances.

Fundamental Constitutions

Refers to essential laws or principles that form the foundation of a government or organization.

John Locke

A 17th-century English philosopher and thinker who laid much of the groundwork for the Enlightenment and contributed to the development of political philosophy, particularly regarding liberalism and social contract theory.