If unskilled domestic workers and unskilled foreign workers are substitutes in the production process, then a more open foreign worker policy is likely to result in all of the following except: (A). The total supply of unskilled labor will shift outward. (B). The equilibrium wage rate in the market will decrease. (C). The total workforce will increase (D). The level of wages received by domestic workers will decrease. (E). The labor demand curve will shift to the right.
If unskilled domestic workers and unskilled foreign workers are substitutes in the production process, then a more open foreign worker policy is likely to result in all of the following except: (A). The total supply of unskilled labor will shift outward. (B). The equilibrium wage rate in the market will decrease. (C). The total workforce will increase (D). The level of wages received by domestic workers will decrease. (E). The labor demand curve will shift to the right.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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10. If unskilled domestic workers and unskilled foreign workers are substitutes in the production process, then a more open foreign worker policy is likely to result in all of the following except:
(A). The total supply of unskilled labor will shift outward.
(B). The equilibrium wage rate in the market will decrease.
(C). The total workforce will increase
(D). The level of wages received by domestic workers will decrease.
(E). The labor demand curve will shift to the right.
Choose one of the answers from the five choices provided. And please, also provide a brief description, explanation or argument for your choice. Thank you Bartleby!
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