Suppose that a modern plague (AIDS, SARS, Ebola virus, avian flu) wipes out or incapacitates a major
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Suppose that a modern plague (AIDS, SARS, Ebola virus, avian flu) wipes out or incapacitates a major share of a small country’s work force. If this country’s labor market is competitive, what effect will this disaster have on wages in this country?
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The modern plague is likely to raise the wages in th...View the full answer
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Muhammad Umair
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