-Refer to the Graph Above

question 48

Multiple Choice

-Refer to the graph above.Points A,B,and C represent ________,________,and ________,respectively.

• A) equilibrium wage rate after migration from home to foreign has occurred; the wage rate in foreign before migration; the wage rate in home before migration
• B) equilibrium wage rate after migration from foreign to home has occurred; the wage rate in home before migration; the wage rate in foreign before migration
• C) the wage rate in home before migration; the wage rate in home after migration; the wage rate in foreign after migration
• D) the global wage rate before migration; the wage rate in foreign after migration; the wage rate in home after migration
• E) the global wage rate before migration; the wage rate in home after migration; the wage rate in foreign after migration

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Definitions:

Plows

Agricultural tools used for turning over the soil to prepare it for planting seeds by cutting, lifting, and turning over the soil.

Irrigation

The artificial application of water to land to assist in the growth of crops.

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility and enhance plant growth.

Culture Change

The dynamic process through which the beliefs, norms, social activities, arts, and behaviors of a society evolve over time.