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According to the​ one-good model, international mobility of labor:
 
A. does not fully equalize real wages across countries.
B. makes everyone in the world better off.
C. increase the world's output.
D. does not affect the marginal output of land.

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Alice Sejake
Alice SejakeLv10
18 Oct 2020

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Related questions

7. According to the theory of comparative advantage, countries gain from trade because

a. Trade makes firms behave more competitively, reducing their market power.

b. All firms can take advantage of cheap labor.

c. Output per worker in each firm increases.

d. World output can rise when each country specializes in what it does relatively best.

1. The claim that trade exploits a country and makes it worse off if its workers receive much lower wages than workers in other countries is shown by the Ricardian model to

A.

miss the point because it fails to consider the​ alternative, which would be even lower wages.

B.

be true because autarky or isolationism makes countries unambiguously better off.

C.

be incorrect because it is based on relative poverty and not absolute poverty.

D.

be true because countries with lower wages have greater levels of poverty.

Following an increase in current total factor productivity, the movement along the output demand curve is caused by:

A. higher consumption.

B. higher consumption and investment.

C. higher investment.

D. higher government expenditures.

An expected future increase in total factor productivity does NOT affect

A. current labor demand.

B. current wages.

C. current output demand.

D. current investment demand.

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