Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 18 - Part VI - The Markets for the Factors of Production - Questions for Review - Page 391: 5

Answer

If the US population grew abruptly due to immigration, workers' incomes will decline due to grew labour supply. Rents gained by landlords and investments would rise as demand for land rises as many more residents will require homes.

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