For questions 7- 10: Suppose a worker's skill-is captured by his efficiency units of labor (s). The distribution of efficiencyunits in the population is such that worker i has efficiency unit 2i. There are 100·workers in the population. In decidingwhether to migrate to the Utopia, these workers compare their weekly earnings at home (wo) with their potential earnings:in the Utopia (wi). The wage-skills relationship in each of the two·countries is given by:wo=200+sand wi=260+0.5se7. For worker with rank 50, his/her skill-is-A. 10 unitsB. 20 unitseC. 100 unitsD. 200 unitse8. If there is no migration cost, at most,;A. 60; positively selectedC. 40; positively selectedworkers will migrate to Utopia. The immigrant flow is:B. 60; negatively selectedeD. 40; negatively selectede9. For this question only, suppose it costs $10- to migrate. At most,flow isworkers will migrate to Utopia. The immigrantA. 40; negatively selectedC. 50; negatively selectedeB. 40; positively selectedeD. 50; positively selected10. For this question only, suppose the income of Utopia decreases $30 due to natural·hazard. At most,:migrate to Utopia. The immigrant flow is:A. 30; negatively selectedC. 50; negatively selectedworkers willB. 30; positively selectedD. 50; positively selected

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For questions 7- 10: Suppose a worker's skill-is captured by his efficiency units of labor (s). The distribution of efficiency. units in the population is such that worker i has efficiency unit 2i. There are 100 workers in the population. In deciding whether to migrate to the Utopia, these workers compare their weekly earnings at home (wo) with their potential earnings in the Utopia (wi). The wage-skills relationship in each of the two countries is given by: wo=200+s and wi=260+0.5se 7. For worker with rank:50, his/her skill-is- A. 10 unitse C. 100 units B. 20 unitse D. 200 unitse 8. If there is no migration cost, at most, A. 60; positively selectede C. 40; positively selectede workers will migrate to Utopia. The immigrant flow is B. 60; negatively selectede D. 40; negatively selected 9. For this question only, "suppose it-costs $10-to migrate. At most, flow is: A. 40; negatively selectede C. 50; negatively selectede workers will-migrate to Utopia. The immigrant- B. 40; positively selectede D. 50; positively selected

For questions 7- 10: Suppose a worker's skill-is captured by his efficiency units of labor (s). The distribution of efficiency. units in the population is such that worker i has efficiency unit 2i. There are 100 workers in the population. In deciding whether to migrate to the Utopia, these workers compare their weekly earnings at home (wo) with their potential earnings in the Utopia (wi). The wage-skills relationship in each of the two countries is given by: wo=200+s and wi=260+0.5se 7. For worker with rank:50, his/her skill-is- A. 10 unitse C. 100 units B. 20 unitse D. 200 unitse 8. If there is no migration cost, at most, A. 60; positively selectede C. 40; positively selectede workers will migrate to Utopia. The immigrant flow is B. 60; negatively selectede D. 40; negatively selected 9. For this question only, "suppose it-costs $10-to migrate. At most, flow is: A. 40; negatively selectede C. 50; negatively selectede workers will-migrate to Utopia. The immigrant- B. 40; positively selectede D. 50; positively selected

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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