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Author Question: Refer to above figure. Why would workers not shift from agriculture to manufacturing in the initial ... (Read 46 times)

cookcarl

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on: Jun 30, 2018
Refer to above figure. Why would workers not shift from agriculture to manufacturing in the initial situation where wages are higher in the latter?
 
  What will be an ideal response?

Question 2

How many British pounds would it cost to buy a pair of American designer jeans costing 45 if the exchange rate is 1.50 dollars per British pound?
 
  A) 10 British pounds
  B) 20 British pounds
  C) 30 British pounds
  D) 35 British pounds
  E) 25 British pounds


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mohan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Imperfections in the labor market.

Answer to Question 2

C


cookcarl

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Reply 2 on: Jun 30, 2018
Excellent

bdobbins

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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