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Practice question 1 please 1.Assume that labor demand elasticity < 0 and labor supply elasticity > 0 but small.Explain in words and use a labor
Practice question 1 please
1.Assume that labor demand elasticity < 0 and labor supply elasticity > 0 but small.Explain in words and use a labor market diagram to show the effects of immigration on the receiving country's:
a.GDP
b.Number of native workers
c.Labor income of native workers
d.Number of immigrants
e.Labor income of immigrants
f.Total number of workers
g.Wage rates before and after immigration
h.Income of capitalists/consumers
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