This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose an island economy has only two labour markets- fishing (high skill) and farming (low skill). ... (Read 69 times)

warrenjean01

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022

Suppose an island economy has only two labour markets- fishing (high skill) and farming (low skill). There are 1000 males and 1000 females in the labour force. There is an equal distribution of skilled and non-skilled workers among each sex.



FIGURE 14-1

Refer to Figure 14-1. Suppose the employers in the fishers labour market begin to discriminate against male workers. Which of the following can we expect to occur in the fishers labour market?


◦ The demand for labour curve shifts to the left until a new equilibrium is reached at point C and the wage falls to $80 per day.
◦ The labour supply curve shifts to the left until a new equilibrium is reached at point A and the wage rises to $120 per day.
◦ The demand for labour curve shifts to the right until a new equilibrium is reached at point B and the wage rises to $120 per day.
◦ The labour supply curve shifts to the right until a new equilibrium is reached at point D and the wage falls to $80 per day.
◦ There will be an equal flow of workers between the two markets, equilibrium will remain at point E and the wage at $100 per day.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by warrenjean01 on Oct 12, 2022

mgranuc

  • Full Member
  • ***
  • Posts: 145
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


warrenjean01

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Farming Practices Influence Runoff and Sedimentation Farming Practices Influence Runoff and Sedimentation
The common rail on a Cummins diesel engine. A high-pressure pump (up to 30,000 PSI) is used to ... The common rail on a Cummins diesel engine. A high-pressure pump (up to 30,000 PSI) is used to ...
A warning label on a Honda hybrid warns that a person can be killed due to the high-voltage ... A warning label on a Honda hybrid warns that a person can be killed due to the high-voltage ...
The Importance in the World Fossil Fuel Economy The Importance in the World Fossil Fuel Economy
Almonds contain high levels of healthy unsaturated fatty acids Almonds contain high levels of healthy unsaturated fatty acids
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library