|
Title: One immigrant to country X increased her annual wage from $8000 (in her home country) to $10,000 in ... Post by: SebKom on Nov 14, 2017 One immigrant to country X increased her annual wage from $8000 (in her home country) to $10,000 in Country X. There are no costs to moving. At the same time, one native worker saw their wage fall from $15,000 to $10,000 because of the entry of the one immigrant into the labor market. The native worker was producing $16,000 worth of goods and the immigrant added another $11,000 worth of goods to total output. Both continue to work at $10,000. Given that nothing else happens, which of the following statements is true? Country X (not counting the immigrant) is
A) better off by $5000. B) worse off by $5000. C) better off by $1000. D) worse off by $4000. Title: Re: One immigrant to country X increased her annual wage from $8000 (in her home country) to $10,000 ... Post by: MattV on Nov 14, 2017 Content hidden
|