Asked by sujana dontukurthy on Jun 15, 2024
Verified
The elimination of barriers to the international flow of labor tends to
A) lower the wage rates for all labor.
B) raise the wage rates for all labor.
C) increase worldwide production efficiency.
D) decrease worldwide production efficiency.
Barriers
Barriers refer to obstacles that limit or prevent entry or access to a specific market, process, or resource by new competitors or participants.
International Flow of Labor
The movement of workers across borders from one country to another, mainly driven by demand for labor, economic disparities, and globalization.
Worldwide Production Efficiency
Achieved when goods and services are produced at the lowest possible cost globally, maximizing the use of resources across nations.
- Examine the impact of immigration on global productivity and economic performance.
Verified Answer
Learning Objectives
- Examine the impact of immigration on global productivity and economic performance.
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