Other Things Equal, the Voluntary Relocation of Employable Migrants from Low-Paying

question 87

Multiple Choice

Other things equal, the voluntary relocation of employable migrants from low-paying nations to high-paying nations will

• A) increase business or capitalist incomes in the low-paying nations.
• B) reduce real output in the world.
• C) increase business or capitalist incomes in the high-paying nations.
• D) reduce wage rates in the low-paying nations.

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Definitions:

Third-Degree Price Discrimination

A pricing strategy where a seller charges different prices to different customer groups based on attributes such as age, location, or income.

Profit-Maximizing Monopolist

A monopolist who seeks to determine the quantity and price of a product that maximizes their profits, taking into account their unique position of market power.

Quantity Sold

The total number of units of a product or service that have been sold in a specific period.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase.