Question: Using the numerical example in problem 5, assume now that Foreign limits immigration so that only two workers can move there from Home. Calculate how
Using the numerical example in problem 5, assume now that Foreign limits immigration so that only two workers can move there from Home. Calculate how the movement of these two workers affects the income of five different groups:
a. Workers who were originally in Foreign
b. Foreign landowners
c. Workers who stay in Home
d. Home landowners
e. The workers who do move
LO.1
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