refer to the following diagram. Initially, wage rates are WM in Country M and WU in Country U. Subsequent migration results in an equalization of wage rates.
-For native Country U workers,migration causes a collective loss equal to area:

Question

refer to the following diagram. Initially, wage rates are WM in Country M and WU in Country U. Subsequent migration results in an equalization of wage rates.

-For native Country U workers,migration causes a collective loss equal to area:

Quizplus · Accepted Answer

The correct answer is C) W_UimW_e because it represents the area that shows the loss in wages for native workers due to the supply shift caused by migration. This area captures the change in wage from the original equilibrium (before migration) to the new equilibrium (after migration), across the quantity of labor supplied by migrants.

Refer to the Following Diagram