Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 26, Problem 6CQ
To determine
Creation of more jobs and standard of living.
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Economics: Private and Public Choice (MindTap Course List)
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- Latin American and Caribbean citizens who migrate to the United States earn salaries there that are higher than what they were earning at home. Since the migrants have the same skills as when they lived in Jamaica, why are they apparently more productive in their new country?arrow_forwardWhat causes the high unemployment rate in south Africa?arrow_forwardWhat is being done to end unemployment in the U.S.arrow_forward
- Latin American and Caribbean citizens who migrate to the United States earn salaries there that are higher than what they were earning at home. Since the migrants have the same skills as when they lived in these regions, why are they apparently more productive in the United States?arrow_forwardThe cause of unemployment?arrow_forwardUnemployment would decrease and prices would increase ifarrow_forward
- how many workers are not in the labor forcearrow_forwardAs the baby boomer generation retires, what should happen to wages and employment? Can you show this graphically?arrow_forwardWhich one is considered a discouraged worker? A person stopped looking for a job but would accept one Retired person Fresh graduate entering the labor market High School Studentarrow_forward
- Workers who are part of the ______ economy in most cases are subject to lower wages and minimal benefits.arrow_forwardWhat depresses wages and creates unemployment?arrow_forwardToday’s business world is dynamic, being characterized by the following economic changes that affect decision making except * changes in tastes and preferences of buyers. migration of people. technological progress. making profit.arrow_forward
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