PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
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Chapter 7, Problem 7.5CC
To determine
Determine the role of immigration to increase the average labor productivity.
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Why do some immigrants leave the destination country and go to a third country instead of returning to their origin country? (Use the utility- or income-maximization model and the gravity model to explain repeat migration.)
Workers who are part of the ______ economy in most cases are subject to lower wages and minimal benefits.
Why is the typical American today more than 10 times richer than thetypical American a century ago?
Chapter 7 Solutions
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
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- High earners often employ others to do their domestic work. What economic concept reveals this to be rational behaviour. Explainarrow_forwardMillennials is also known as____. (fill in the blank)arrow_forwardTrue or False and explain why. In the labour market, it is assumed that workers are attempting to maximize their utility in monetary terms only.arrow_forward
- What are the endogenous variables in the labor market model?arrow_forwardIn a __________ marriage, both husband and wife are in the labor market.arrow_forwardThe Economist article, Left in the Lurch, notes that throughout history many places that have experienced economic hardships have seen their residents leave. But, it notes that such "mobility" by workers from such places is _______ in the U.S. today. Part of this dynamic reflects policies that ______ population growth in more thriving communities (and thus make it more difficult for workers to relocate). Another part of this dynamic reflects public policies that often ______ the incentive to move. Choose the correct combination from the choices below. a. decreasing; enhance; increase b. increasing; restrict; reduce c. decreasing; restrict; reduce d. increasing; enhance; reducearrow_forward
- Before the early 1900s, the prevailing opinion regarding the employment relationship was that: Individuals should only enter into an economic relationships if there were laws ensuring minimum standards of protection The government should never interfere with the ability of an individual to freely enter into an economic relationship with another individual Employers should be allowed to unilaterally set terms and conditions of employment The government should monitor economic relationships to ensure they were fair to both partiesarrow_forwardHow does a typical worker decide how many hours to allocate to the labor market?arrow_forwardLatin 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_forward
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