Asked by Surprise Bahati Mutunwa on May 12, 2024
Verified
Worker migration will cause wage rates to equalize across two countries if all of the following conditions are met except that
A) migration is motivated strictly by wage differentials.
B) neither nation restricts or interferes with migration.
C) both countries use the same currency.
D) migration has no cost.
Wage Rates
The standard amount of compensation individuals receive in exchange for their labor or services, measured per hour or unit of work.
Strictly by Wage Differentials
Determination of employment patterns solely based on variations in wage rates across different sectors or regions.
Currency
Currency is the system of money in general use in a particular country, facilitating the buying and selling of goods and services.
- Investigate the connection between immigration regulations and their impacts on employment sectors.
- Assess the process through which migration influences the leveling of wages across different countries.
Verified Answer
PM
Paula McGovernMay 15, 2024
Final Answer :
C
Explanation :
The use of the same currency is not a necessary condition for wage rates to equalize across countries due to worker migration. Wage equalization can occur regardless of currency differences, as long as other factors like unrestricted migration and motivation by wage differentials are present.
Learning Objectives
- Investigate the connection between immigration regulations and their impacts on employment sectors.
- Assess the process through which migration influences the leveling of wages across different countries.