Refer to Figure 1, where A = agriculture and M = manufacturing.... which of the

Question

Refer to Figure 1, where A = agriculture and M = manufacturing.... which of the following was true with regards to this diagram? the Delta L represents the production possibilities frontier the Delta L represents the effect of a tariff on goods imported into this country this diagram was used to explain immigration using the Ricardian this diagram was used to explain immigration using the SF theory Refer to Figure 1, where A = agriculture and M = manufacturing. Which of the following is NOT true for this diagram? in the short-run, more labor will go to both sectors after immigration in the short-run, workers may see a fall in their wage from immigration in the long-run, workers may see a fall in their wage from immigration in the long-run, the effect on wages from immigration is yet to be determined Refer to Figure 1, where A = agriculture and M = manufacturing. Which of the following best explains the results for capital and landowners from this diagram? capital and landowners experienced a rise in their purchasing power from this diagram capital and landowners experienced a fall in their purchasing power from this diagram capital and landowners saw no change in their situation according to this diagram capital and landowners were not addressed with this diagram

Explanation / Answer

c) this diagram was used to explain immigration using the Ricardian a) In short run more labour will go to both sectors after immigration. d) Capital and landowners were not addressed with this diagram

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