Asked by sujana dontukurthy on Jun 15, 2024

verifed

Verified

The elimination of barriers to the international flow of labor tends to

A) lower the wage rates for all labor.
B) raise the wage rates for all labor.
C) increase worldwide production efficiency.
D) decrease worldwide production efficiency.

Barriers

Barriers refer to obstacles that limit or prevent entry or access to a specific market, process, or resource by new competitors or participants.

International Flow of Labor

The movement of workers across borders from one country to another, mainly driven by demand for labor, economic disparities, and globalization.

Worldwide Production Efficiency

Achieved when goods and services are produced at the lowest possible cost globally, maximizing the use of resources across nations.

  • Examine the impact of immigration on global productivity and economic performance.
verifed

Verified Answer

KM
Karishma MevawalaJun 22, 2024
Final Answer :
C
Explanation :
Eliminating barriers to the international flow of labor allows workers to move to where their skills are most needed, leading to a more efficient allocation of labor resources globally. This increases overall production efficiency by ensuring that labor is employed in the most productive sectors and locations.