For each of the following observed changes in wage rates and migration flows from the low-wage South

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For each of the following observed changes in wage rates and migration flows from the low-wage South to the high-wage North, describe one shift in conditions that, by itself, could have caused the set of changes:

a. A rise in wage rates in both South and North, and additional migration from South to North.

b. A drop in wage rates in both South and North, and additional migration from South to North.

c. A drop in the northern wage rate, a rise in the southern wage rate, and additional migration from South to North.

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International Economics

ISBN: 9780078021770

16th Edition

Authors: Thomas Pugel

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Question Posted: Mar 23, 2024 10:00 AM

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For each of the following observed changes in wage rates and migration flows from the low-wage South

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a A rise in labor demand in the No...View the full answer

International Economics

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