This topic contains a solution. Click here to go to the answer

Author Question: Suppose an island economy has only two labour markets- fishing (high skill) and farming (low skill). ... (Read 39 times)

urmomsucks

  • Full Member
  • ***
  • Posts: 146

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.


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
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
Wow, this really help


bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library