In the 1770s the per capita income in the colonies: a. was ...

[kamilo84]

In the 1770s the per capita income in the colonies:
 a. was higher than the per capita income in developing countries today.
  b. was significantly lower than the per capita income in England during the same period.
  c. was impossible to determine due to inaccurate and incomplete data.
  d. was lower than the current per capita income in developing countries..

Question 2

Assuming that (1) labor supply is perfectly inelastic (vertical), and (2) immigrants and skilled labor are complements, an increase in unskilled immigrant labor ___________ the real wages of unskilled labor and __________the real wages of skilled labor.
 a. increases; increases
  b. increases; decreases
  c. decreases; increases
  d. decreases; decreases

[k.lashomb]

Answer to Question 1

a. was better than the quality of life in developing countries today.

Answer to Question 2

c. decreases; increases

[kamilo84]

Thanks for the timely response, appreciate it

[xoxo123]

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