chose all that are correct Consider the changes in labor markets that occurred f
ID: 2507403 • Letter: C
Question
chose all that are correct
Consider the changes in labor markets that occurred from 24 years ago, when Sheik Abdullah migrated to the Gulf States, to 13 years ago when Kannan Kutty migrated. S1 and S2 show the supply of labor 24 years ago in India and the Gulf States and Di and D2 represent the demand for labor. Choose all that are correct a. If the supply curves have shifted from S1 to S4 and from S2 to S6/ this accurately shows the changes in labor markets from 24 years ago to 13 years ago. b. If the supply curves have shifted from S1 to S4 and from S2 to S6, markets achieved long run equilibrium 12 years ago. c. If the supply curves have shifted from S1 to S3/ this accurately reflects the migration of labor from 24 years ago to 13 years ago. d. If the supply curves have shifted from S2 to S5/ this accurately reflects the migration of labor from 24 years ago to 13 years ago. e. From the time when Sheik Abdullah migrated to when Kannan Kutty migrated, the wage differential between India and the Gulf States has narrowed. f. From the time when Sheik Abdullah migrated to when Kannan Kutty migrated, the wage differential between India and the Gulf States has closed and labor markets are in long run equilibrium. g. If the supply curves have shifted from S1 to S3 and from S2 to S5, this accurately shows the changes in labor markets from 24 years ago to 13 years ago. h. If the supply curves have shifted from S1 to S3 and from S2 to S5, this wage differential between India and the Gulf States has only partially closed from 24 years ago to 13 years ago. i. If the supply curves have shifted from Si to S3 and from S2 to S5, there is still and incentive for labor to migrate from India to the Gulf States but the incentive as weakened from 24 years ago to 13 years ago.Explanation / Answer
The Correct options will be c, d, e, g, h, i
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