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D Question 9 5 pts In terms of migration, what is mean by wage convergence? O Wages in a particular location will converge to a single wage regardless of skill level. O Migration naturally results in wage differences across locations being competed away, leading to more equal wages regardless of location. O Workers are naturally drawn to locations in which the variation in wages is the least. O Migration naturally results in wage differences across locations being exacerbated, leading to a wider distribution of wages regardless of location.Refer to the following graph. Capital C B Labor If the two isoquants represent profit maximizing levels of output for two different wage rates, the move from point A to point B represents the O scale effect of a reduction in the wage. O substitution effect of an increase in the wage. O scale effect of an increase in the wage. substitution effect of a reduction in the wage.D Question 8 Refer to the following diagram. TS represents the standard 40-hour workweek. Indifference curves labeled with subscripts "a" and "b" are for individuals A and B, respectively. Income Ib Ia S T Leisure Assuming workers must work TS hours or not work at all, worker A will not participate in the labor force, although worker B will be at an optimum at TS hours of work. not participate in the labor force, and neither will worker B work the standard workweek but will feel underemployed