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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

If the United States allows a greater quantity of highly skilled workers, what will be the impact on the average wages of highly skilled employees?

To determine

The impact on wages when the United States allows a greater quantity of highly skilled workers is to be determined.

Explanation

The scenario in which the highly skilled workers are supplied in bulk by United States will affect the wages on a negative side. Due to high availability of high skill in market, its supply curve will move towards right which indicates that the equil...

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