Asked by Avery Villa on May 09, 2024
Verified
An increase in the mobility of labor across nations tends to decrease the world's output of goods and services.
Mobility of Labor
The ability and willingness of workers to relocate in order to find employment, influencing the flexibility and efficiency of labor markets.
World's Output
The total production of goods and services provided by countries around the globe within a specific timeframe.
- Fathom the consequences of workforce mobility on international production levels and the economic status of affected countries.
Verified Answer
SB
Sarthak BasnetMay 14, 2024
Final Answer :
False
Explanation :
An increase in the mobility of labor across nations allows for a more efficient allocation of resources, matching workers with the jobs where they can be most productive, which tends to increase the world's output of goods and services.
Learning Objectives
- Fathom the consequences of workforce mobility on international production levels and the economic status of affected countries.
Related questions
If All Nations Prohibited the International Migration of Labor, We ...
The Simple Immigration Model Suggests That Labor Migration Raises the ...
With Labor Migration, the Destination Country Experiences ...
With Labor Migration, the Country of Origin Experiences ...
In the Destination Country, Who Tends to Lose from Labor ...