The human-capital model predicts that people move when O the net gain, including moving costs, to migration is positive. O the present value of the earnings stream at the current location is greate value of the earnings stream if the worker moves. O there are no costs to moving. O the present value of the earnings stream at the new location is positive. Othey are unemployed.

The human-capital model predicts that people move when O the net gain, including moving costs, to migration is positive. O the present value of the earnings stream at the current location is greate value of the earnings stream if the worker moves. O there are no costs to moving. O the present value of the earnings stream at the new location is positive. Othey are unemployed.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 4SCQ: Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the...

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Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the United States grows at 1. For the sake of simplicity, assume they both start from the same fictional income level, 10,000. What will the incomes of the United States and South Korea he in 20 years? By how many multiples will each countrys income grow in 20 years?
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
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