What often happens in the labour market when there are changes in comparative advantage due to the progressive relocation of industries?
a. The wage rate decreases.
b. High wage jobs replace low wage jobs.
c. Initially the unemployment rate declines and then increases in the long-run.
d. The size of the labour force increases.
a. The wage rate decreases.
b. High wage jobs replace low wage jobs.
c. Initially the unemployment rate declines and then increases in the long-run.
d. The size of the labour force increases.