Answer to Question #170192 in Economics of Enterprise for Trinity

Question

Is the following statements true, false, or uncertain? Explain why

A widespread increase in the mortality rate among people aged 35-50 would likely reduce both the rate of migration between states and the elasticity of labor supply in any given state.

Answer 1

True,simply because;a bigger percentage of people aged 35-50 are the providers of labor in firms and businesses hence a reduction in their numbers will affect labor supply.Most of the people in this group also move from one state to another in search of employment or for settlement purposes thus an increased in mortality rate will reduce the rate of migration between states.