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Use the following figure to answer the question : Figure 18-3 :
shows the impact of immigration on the labor market of a country.Immigration in shifts the labor supply curve from S to S'.
-Refer to Figure 18-3.Post immigration the earnings of the native laborers in the country declines by the area:
United States
A country located in North America, consisting of 50 states and known for its large economy and diverse population.
Greece
A country in southeastern Europe known for its rich history, archaeological sites, and significant contributions to Western civilization's art, philosophy, and politics.
Absolute Advantage
The ability of an entity to produce a good or service more efficiently than its competitors with the same amount of resources.
Resources
Assets, materials, and inputs used to produce goods and services, including time, labor, capital, and natural resources.
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