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Move Don't Move Figure 1 Returns in Destination Country Returns in Source Country Move Skills

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 1 Suppose there are but two countries, namely A and B. Each country is indexed by "" for j = A and B. Both countries have no govermment, i.e. Gj = T, = 0. Suppose the technology of both countries are linear production in labor hours. That is, y, = z,N, where Ny is the number of working hours in country j and z, is the level of technology in country j. Suppose that ZA = 2 > Z, = 1 and preferences of consumers in both countries are identical a) Assuming a fixed time endowment in both countries to be equal to 1 unit, construct the PPF of each conntry. Putting both PPFS in the same figure and locate all important points. Comments on the differences and similarities between the two PPFS. b) Determine the competitive equilibrium in both countries. Are there any wage differentials in the equilibrium? Which one of the countries is supposed to experience a higher wage? Why? How about the allocation in both countries? e) Redo the problem "a" and "b" above, but instead assume that the…
Claudia Goldin argues that married women's labor force participation increased in the US during 1930s and 1950s due to the following developments Increased demand for office and other clerical workers with the new information technologies Increase in high school enrollment and graduation of women from 1910 to 1930 Decline in fertility rates and increase in divorce rate a and b
Consider Special City that manufactures light fixtures that are sold around the world. Draw their base case Labor Market graph. Now assume there is a national shortage of glass that Special City manufacturers use to create their light fixtures. Show what would be the effect on your Labor Market graph. Lastly, assume the manufacturers change their manufacturing process to use less glass but inadvertently create a very noticeable increase in the smog levels that makes it hard to breathe. Show another variation to reflect the change in your labor market graph, be sure to indicate the effects of the changes on for each of these market changes or combine the graphs, just be sure the changes and new equilibria are legible:
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Consider a simple demand-and-supply model of a competitive labour market in a small town. The demand and supply curves for labour are given by Demand: w= 22 - 3LD Supply: w=4+3LS where w is the wage ($ per hour) and L is the number of hours of employment (measured in thousands of hours per month). a. Use the line drawing tool to plot the demand and supply curves in the graph at the right. Use points with labour hours value of 0 and 5 to draw the lines. Label the lines properly. Carefully follow the instructions above, and only draw the required objects. C Wage ($ per hour) 24- 22- 20- 18- 16- 14- 12- 10- 8- 6- 4- 2- 0- 0 Labour Market 2 3 4 1 Labour (thousands of hours per month) + 5
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working