Assume that both economies are in the steady state, and they reach an agreement that allows...

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Economics

Assume that both economies are in the steady state, and theyreach an agreement that allows free movement of workers (notcapital) across the two countries. What type of migration patternswould you expect across the two countries? Why? Who benefits andwho loses from the migration flow? Â Â

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A steady state economy refers to a stable national economy which means that the fluctuations of the market system of economy is lesser and the effects of economic burdens are not seen on its citizens An economy reaches a steady state after a period of growth Migration refers to the movement of people either local regional domestically or global The above situation refers to international or global migration which are See Answer

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Assume that both economies are in the steady state, and they reach an agreement that allows...

90.2K

Verified Solution

Question

Economics

Assume that both economies are in the steady state, and theyreach an agreement that allows free movement of workers (notcapital) across the two countries. What type of migration patternswould you expect across the two countries? Why? Who benefits andwho loses from the migration flow? Â Â

Answer & Explanation Solved by verified expert

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