Question
Assume that the nationals of the US and Turkey have the same preferences and those of Mexico and Netherlands have the same preferences. From this,
Assume that the nationals of the US and Turkey have the same preferences and those of Mexico and Netherlands have the same preferences. From this, we can conclude that:
a.A wage rise in Mexico to the level in the Netherlands
will lead to an increase in labour supply
b.For Turkish nationals, the income and substitution effects for goods per day roughly cancel each other out if their wage level is increased to that of the US
c.If the wages in Korea increased, the goods consumption there could be lower than that of the Netherlands
d.US and Korea could have the same preferences
e.All of the above.
f.None of the above.
Assume that the nationals of the US and Turkey have the same preferences and those of Mexico and Netherlands have the same preferences. From this, we can conclude that:
a.A wage rise in Mexico to the level in the Netherlands
will lead to an increase in labour supply
b.For Turkish nationals, the income and substitution effects for goods per day roughly cancel each other out if their wage level is increased to that of the US
c.If the wages in Korea increased, the goods consumption there could be lower than that of the Netherlands
d.US and Korea could have the same preferences
e.All of the above.
f.None of the above.
Assume that the nationals of the US and Turkey have the same preferences and those of Mexico and Netherlands have the same preferences. From this, we can conclude that:
a.A wage rise in Mexico to the level in the Netherlands
will lead to an increase in labour supply
b.For Turkish nationals, the income and substitution effects for goods per day roughly cancel each other out if their wage level is increased to that of the US
c.If the wages in Korea increased, the goods consumption there could be lower than that of the Netherlands
d.US and Korea could have the same preferences
e.All of the above.
f.None of the above.
Assume that the nationals of the US and Turkey have the same preferences and those of Mexico and Netherlands have the same preferences. From this, we can conclude that:
a.A wage rise in Mexico to the level in the Netherlands
will lead to an increase in labour supply
b.For Turkish nationals, the income and substitution effects for goods per day roughly cancel each other out if their wage level is increased to that of the US
c.If the wages in Korea increased, the goods consumption there could be lower than that of the Netherlands
d.US and Korea could have the same preferences
e.All of the above.
f.None of the above.
Assume that the nationals of the US and Turkey have the same preferences and those of Mexico and Netherlands have the same preferences. From this, we can conclude that:
a.A wage rise in Mexico to the level in the Netherlands
will lead to an increase in labour supply
b.For Turkish nationals, the income and substitution effects for goods per day roughly cancel each other out if their wage level is increased to that of the US
c.If the wages in Korea increased, the goods consumption there could be lower than that of the Netherlands
d.US and Korea could have the same preferences
e.All of the above.
f.None of the above.
Assume that the nationals of the US and Turkey have the same preferences and those of Mexico and Netherlands have the same preferences. From this, we can conclude that:
a.A wage rise in Mexico to the level in the Netherlands
will lead to an increase in labour supply
b.For Turkish nationals, the income and substitution effects for goods per day roughly cancel each other out if their wage level is increased to that of the US
c.If the wages in Korea increased, the goods consumption there could be lower than that of the Netherlands
d.US and Korea could have the same preferences
e.All of the above.
f.None of the above.
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