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If a nation experiences a year of unusually high immigration that increases the size of the labor force, we can conclude that the Multiple Choice
If a nation experiences a year of unusually high immigration that increases the size of the labor force, we can conclude that the
Multiple Choice
nation's production possibilities curve will shift outward.
nation will choose a different point on the production possibilities curve.
nation's production possibilities curve will shift inward.
nation's capital per worker will rise.
Structural unemployment occurs when
Multiple Choice
workers do not have the skills required to fill the vacant positions in the job market.
firms fail in the normal course of business activity.
an industry experiences a seasonal downturn.
there is inadequate demand for labor.
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