What Is the Overall Long-Run Impact of Labor Immigration on Returns

question 47

Multiple Choice

What is the overall long-run impact of labor immigration on returns to factors of production?

• A) Returns to labor will increase and returns to capital will decrease.
• B) Returns to labor and returns to capital will both increase.
• C) Both relative and absolute returns to factors of production will not change.
• D) Both relative and absolute returns to factors of production will increase.

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Definitions:

Light

Electromagnetic radiation within a certain portion of the electromagnetic spectrum, perceived by the human eye.

Just Noticeable Difference

The smallest change in stimulation that a person can reliably detect.

Weber's Law

A principle stating that the smallest noticeable difference in stimulus intensity is a constant proportion of the intensity of the initial stimulus.

Transduction

The process through which sensory receptors convert the sensory stimulation into neural impulses.