Assuming Migration Is Unimpeded and Costless, Which of the Following

question 71

Multiple Choice

Assuming migration is unimpeded and costless, which of the following statements is most accurate about the effect of immigration on wages in both the origin and destination nations?

• A) Wages will rise in the origin nation and fall in the destination nation, and overall wage income must rise.
• B) Wages will rise in both nations, and overall wage income must rise.
• C) Wages will rise in the origin nation and fall in the destination nation, and the wage changes must cancel each other, resulting in no net change in overall wage income.
• D) Wages will rise in the origin nation and fall in the destination nation, but the effect on overall wage income depends on the elasticities of labor demand.

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Definitions:

Real Property

Land and any structures affixed to it, including rights associated with ownership of the land and its buildings.

Prevent Fraud

The set of strategies, actions, or measures implemented to detect, stop, and deter deceptive practices intended to gain unlawful or unfair advantage.

Statute of Frauds

A legal requirement that certain types of contracts must be written and signed by the party against whom enforcement is sought.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.