EBK MICROECONOMICS
21st Edition
ISBN: 8220103960151
Author: McConnell
Publisher: YUZU
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Chapter 25, Problem 3RQ
To determine
Evaluate the statement whether it is true or false.
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Students have asked these similar questions
If a nation with an aging population admits more low-skilled immigrants:
wealth disparity decreases.
O income disparity increases.
job creation is reduced.
O income mobility is reduced.
Figure 9.2, U.S. Labor Market
Figure 9.2 represents the U.S. labor market. Assume that labor and capital are the only factors of
production. Also assume the initial supply schedule of labor is denoted by S, and consists entirely of
native U.S. workers. The demand schedule of labor is denoted by Do
Hourly Wage/S
O
O
18
Select one:
O
12
O
9
So
2
Consider Figure 9.2. Policies that permit Mexican workers to freely migrate to the United States would likely be resisted by:
S₁
a. U.S. capital owners
b. Native U.S. workers
3
Do
6
Quantity of
Labor
c. U.S. capital owners and native U.S. workers
d. Neither U.S. capital owners or native U.S. workers
3. Suppose that there are two countries with dif-
ferent levels of total factor productivity, and
that these differences exist because of barriers
to technology adoption in the low-productivity
country. Also suppose that these two countries
do not trade with each other. Now, suppose that
residents of each country were free to live in
either country. What would happen, and what
conclusions do you draw from this?
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