Carefully review the different migration policies studied in this chapter. Explain under what circumstances the flexible equilibrium
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Carefully review the different migration policies studied in this chapter. Explain under what circumstances the flexible equilibrium allocation is the efficient allocation and how different policies situate themselves relative to the efficient allocation.
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Different migration policies can vary in terms of their implications for economic efficiency The efficient allocation in the context of migration is one that maximizes the overall welfare gains for bo...View the full answer
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