The following tables show the demand and supply schedules in U.S. and Canadian labor markets: Canada United
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United States
What is the wage differential between Canada and the United States? What kinds of changes (directional) would you expect to occur in both the supply of and demand for labor in both countries?
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QUANTITY QUANTITY DEMANDED SUPPLIED PRICE (MILLIONS) (MILLIONS) $30 2 10 25 4 20 6 15 8 4 10 10 2
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The equilibrium wage rate in the United States is 30 The equilibrium wage rate in Canada is ...View the full answer
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