EP ECONOMICS,AP EDITION-CONNECT ACCESS
20th Edition
ISBN: 9780021403455
Author: McConnell
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 23, Problem 2DQ
To determine
Migration.
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Students have asked these similar questions
In what respect is the economic decision to move across international borders an investment decision? Why do economic migrants move to some countries, but not to others? Cite an example of an explicit cost of moving; an implicit cost of moving. How do distance and age affect the migration decision? How does the presence of a large number of previous movers to a country affect the projected costs and benefifits of subsequent movers?
Cooperton and Denalla each produce two products; pots and pens. The table shows the productlon
possibilitles for each country.
Cooperton
Denalia
Pots
Pens
Pots
Pens
6,000
4,500
100
4,000
50
3,000
200
2,000
100
1,500
300
200
Which of the following terms of trade would be beneficlal for both countries?
O 1 pot trades for 25 pens
O 1 pen trades for 1/18 of a pot
1 pot trades for 15 pens
O 1 pen trades for 1/22 of a pot
According to economists, which of the following statements about international capital mobility is
CORRECT?
CO International resource mobility has had a negative effect upon world GDP.
O International resource mobility has had no effect upon world GDP.
O International resource mobility has had a positive effect upon world GDP.
International resource mobility has had such a small effect upon world GDP that it is not worth measuring
Chapter 23 Solutions
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