During the war between Russia and Ukraine millions of Ukrainians have fled into Poland and Hungary. Suppose most of these refugees remain and restart their lives in Poland. In the market for labor the following would likely occur - assuming there is currently a shortage of labor in Poland. a. An increase in the quantity of labor supplied and guaranteed labor surpluses. b. Higher wages if the shortage is eliminated by the increase in the supply of labor. C. An increase in the supply of labor and either a reduced shortage or perhaps even a surplus of labor until wages are pushed down towards equilibrium. d. Huge surpluses of labor if after the increase in supply Poland reaches a market equilibrium it its labor markets. None of the above. e.

During the war between Russia and Ukraine millions of Ukrainians have fled into Poland and Hungary. Suppose most of these refugees remain and restart their lives in Poland. In the market for labor the following would likely occur - assuming there is currently a shortage of labor in Poland. a. An increase in the quantity of labor supplied and guaranteed labor surpluses. b. Higher wages if the shortage is eliminated by the increase in the supply of labor. C. An increase in the supply of labor and either a reduced shortage or perhaps even a surplus of labor until wages are pushed down towards equilibrium. d. Huge surpluses of labor if after the increase in supply Poland reaches a market equilibrium it its labor markets. None of the above. e.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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