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1. Statement 1: Since Poland joined the European Union (EU) in 2004, over one million of its workforce have migrated to other countries in the EU - Edexcel - A-Level Economics A - Question 1 - 2021 - Paper 1
Question 1
1. Statement 1: Since Poland joined the European Union (EU) in 2004, over one million of its workforce have migrated to other countries in the EU. Statement 2: Many ... show full transcript
Worked Solution & Example Answer:1. Statement 1: Since Poland joined the European Union (EU) in 2004, over one million of its workforce have migrated to other countries in the EU - Edexcel - A-Level Economics A - Question 1 - 2021 - Paper 1
Step 1
Which one of the following best describes the two statements above?
Answer
The correct answer is D. Both statements are positive as they provide objective information that can be tested. Statements A and B are incorrect since they characterize the statements as normative (value judgments), and C is incorrect as it misrepresents the nature of Statement 2.
Step 2
Explain the likely impact of migration on the wage level of engineers in Poland.
Answer
The migration of engineers from Poland can lead to a decrease in the supply of labor in the engineering field. This reduction in supply, combined with steady or increasing demand for engineers, is likely to result in higher wages for those who remain in Poland.
Key points include:
- Supply of labor decreases: With one million workers migrating, there are fewer engineers available domestically.
- Higher wages: Firms may offer higher wages to attract the reduced labor pool.
- Excess demand: As demand for engineers remains constant or increases, firms will compete for fewer workers, pushing wages higher.
- New labor market equilibrium: The wage levels will adjust to attract more workers into the engineering sector, leading to a new equilibrium in the labor market.