CONNECT F/MICROECONOMICS
21st Edition
ISBN: 2810022151240
Author: McConnell
Publisher: MCG
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Question
Chapter 25, 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?
According to standard theory, which of the following statements about immigration is true?
O Total value of world output increases, the average wage of the receiver country falls, and the average wage of the source country falls.
O Total value of world output decreases, the average wage of the receiver country rises, and the average wage of the source country falls.
Total value of world output increases, the average wage of the receiver country falls, and the average wage of the source country increases.
O Total value of world output increases, the average wage of the receiver country increases, and the average wage of the source country
increases.
In PPP terms, GDP per capita in Country A is 3 times higher than in
dollar terms. This means that if a US firm employs workers in Country
A at $5 per hour, this would give the the workers in Country A a
purchasing power equivalent to a wage of $15 per hour in the USA.
Select one:
O True
O False
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