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 58 times)

urmomsucks

  • Full Member
  • ***
  • Posts: 146
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 farmers 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 $60 per day.
◦ There will be an equal flow of workers between the two markets, equilibrium will remain at point E and the wage at $80 per day.
◦ The labour supply curve shifts to the right until a new equilibrium is reached at point D and the wage falls to $60 per day.
◦ The labour supply curve shifts to the left until a new equilibrium is reached at point A and the wage rises to $100 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 $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 urmomsucks on Oct 12, 2022

char00char

  • Full Member
  • ***
  • Posts: 173
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


urmomsucks

  • Member
  • Posts: 146
Reply 2 on: Oct 12, 2022
Gracias!

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Walrus using its tusks to hang on breathing hole in the ice near St. Lawrence Island, Bering Sea Walrus using its tusks to hang on breathing hole in the ice near St. Lawrence Island, Bering Sea
Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive
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 ...
Using the fingertips of one hand, make contact with an area on the back with high fascial ... Using the fingertips of one hand, make contact with an area on the back with high fascial ...
High in the Andes, a scientist measures the stride of a carnivorous dinosaur High in the Andes, a scientist measures the stride of a carnivorous dinosaur
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library