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Consider two distinct labor markets

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Consider two distinct labor markets: the Honduran agricultural labor market and the U.S. agricultural labor market. Wages are higher in the U.S., but workers need to pay migration costs to move between countries. Agricultural firms are immobile. Using a supply and demand graph(s), predict the impact of lower output demand for Honduran agriculture on migration between Honduras and the U.S. and on agricultural wages in both countries. Briefly comment.

Reference no: EM131706351

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