Suppose that the United States cracks down on illegal immigrants and returns millions of workers to their home countries.Real wage rate (2012 dollars per hour)80-Draw a labor supply curve and a labor demand curve for the United States. Label the curves LSo and LD.Draw a point to show the equilibrium quantity of labor and the equilibrium real wage rate. Label it 1.70-Now suppose the United States returns millions of illegal immigrant workers to their home countries.Draw and label a curve that shows the effect of this return of workers.60-Draw a point to show the new equilibrium quantity of labor and the equilibrium real wage rate. Label it 2.50-40-30-20-10-100200300400500600Labor (billions of hours per year)>>> Draw only the objects specified in the question.Selected:Delete Clearnone?Click the graph, choose a tool in the palette and follow the instructions to create your graph.Check Answer1 partremainingClear AllMacBook ArDD20888F11F12escF6F7F8F9F10F4F5F1F2F3)@2#$12345678delet}QWERYPtabASDGH J Kcaps lockXCVBNM言了LL

Here, as the condition is mentioned, the U.S sends back millions of immigrant workers to their home…

Suppose that the United States cracks down on illegal immigrants and returns millions of workers to their home countries. Real wage rate (2012 dollars per hour) 80 Draw a labor supply curve and a labor demand curve for the United States. Label the curves LS, and LD Draw a point to show the equilibrium quantity of labor and the equilibrium real wage rate. Label it 1. Now suppose the United States returns millions of illegal immigrant workers to their home countries. Draw and label a curve that shows the effect of this return of workers. Draw a point to show the new equilibrium quantity of labor and the equilibrium real wage rate. Label it 2 70- 60- 50 40- 30 20- 10- 400 s00 600 200 Labor (billions of hours per year) 100 300 >>> Draw only the objects specified in the question. Selected: Delete Clear none Click the graph, choose a tool in the palette and follow the instructions to create your graph. Check Answer Gloar All

Suppose that the United States cracks down on illegal immigrants and returns millions of workers to their home countries. Real wage rate (2012 dollars per hour) 80 Draw a labor supply curve and a labor demand curve for the United States. Label the curves LS, and LD Draw a point to show the equilibrium quantity of labor and the equilibrium real wage rate. Label it 1. Now suppose the United States returns millions of illegal immigrant workers to their home countries. Draw and label a curve that shows the effect of this return of workers. Draw a point to show the new equilibrium quantity of labor and the equilibrium real wage rate. Label it 2 70- 60- 50 40- 30 20- 10- 400 s00 600 200 Labor (billions of hours per year) 100 300 >>> Draw only the objects specified in the question. Selected: Delete Clear none Click the graph, choose a tool in the palette and follow the instructions to create your graph. Check Answer Gloar All

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose initially that immigrant labor and native-born labor are complementary resources. Explain how substantial immigration might change the demand for native-born workers, altering their wages. Next, suppose that new immigrant labor and previous immigrant labor (not nativeborn) are substitute resources. Explain how substantial immigration of new workers might affect the demand for previous immigrants, altering their wages.
A6
The labour market in an economy is characterised by the following equations: W = 0.7-0.9u ре Wage setting: W = 0.5 P Price setting: In which W is nominal wages, pe and P are expected nominal prices and nominal prices, respectively, u is level of unemployment. Consider a linear production function for firms such that Q = N, i.e., production for firms (Q) depends only on the number of employees (N). Considering this information, which of the following statements are CORRECT: U The price mark-up (u) for this economy is 1 (i.e. µ = 1). O If actual output is below potential output, actual unemployment rate is below 0.22, (i.e. uț < 0.22). The equilibrium unemployment in this economy is 0.22 (i.e. ue = 0.22). U If wage setters become less responsive to changes in unemployment (e.g., from -0.9 to -0.7), the equilibrium unemployment decreases.
One reason we might think of certain colleges are top-rate is if we observe that attending that college considerably improves the skills of the people who go there. For example, we'd expect that someone who goes through a Caltech engineering program becomes a much better engineer as a result of their Caltech schooling. This means that we'd expect wages to be higher for people who graduate from top-rate schools because.. The MPL in labor demand will be higher for these graduates The Pin labor demand will be higher for these graduates The minimum wage will be higher for these graduates Labor supply will shift left for these graduates when they graduate
Suppose Taco Hut currently doesn't offer its employees any health insurance. However, the government is passing legislation to require firms to provide health insurance coverage. Providing such coverage will cost Taco Hut $2 per worker hour, and the workers value this coverage at $3 per worker hour. How will the legislation affect the equilibrium wage and level of employment at Taco Hut? a.Wages will fall, employment will increase b. Wages will stay the same, employment will fall c.Wages will fall, employment will fall d.Wages will increase, employment will increase
Increase/decrease
Consider a company operating in a competitive market. The company sells units of output and receives a price of $20 per unit, and pays a daily market wage of $330 to each worker it employs. In the following table, complete the column for the value of the marginal product of labor (VMPL) at each quantity of workers. Labor Output Marginal Product of Labor Value of the Marginal Product of Labor (Number of workers) (Units of output) (Units of output) (Dollars) 0 0 20 1 20 19 2 39 18 3 57 15 4 72 12 5 84 On the following graph, use the blue points (circle symbol) to plot the firm's labor demand curve. Then, use the orange line (square symbols) to show the wage rate. (Note: If you cannot place the wage rate at the level you want, move the two end points individually.) Hint: Remember to plot each point halfway between the two integers. For example, when the number of workers increases from 0 to 1, the…
Please see below. Both pictures are part of the same question. The first picture contains the graph needed and the second one contains the questions being asked.
Suppose the demand for the Vietnamese inexpensive products from many countries over the world have increased by about 15 percent even under the Coronavirus pandemic in 2020 (from January through August). Suppose further that the demand for Vietnamese skilled workers by the Vietnamese companies producing new high-tech and advanced products have decreased by about 10 percent in 2020 compared to those in 2019. What has happened to the wage gap between Vietnamese skilled and unskilled workers in 2020? Which of the following is MOST appropriate for an answer? A. The wage gap is most likely to fall. B. It is hard to predict unambiguously how the wage gap changes given above information. C. The wage gap is most likely to rise. D. The wage gap is most likely to be little changed. Perhaps b and c weren't the answer. Please let me know why the answer you chose is correct.
Suppose that the United States cracks down on illegal immigrants and returns millions of workers to their home countries. Draw a labor supply curve and a labor demand curve for the United States. Label the curves LS, and LDO Draw a point to show the equilibrium quantity of labor and the equilibrium real wage rate. Label it 1. Now suppose the United States returns millions of illegal immigrant workers to their home countries. Draw and label a curve that shows the effect of this return of workers. Draw a point to show the new equilibrium quantity of labor and the equilibrium real wage rate. Label it 2.
Consider the labour market represented in the following graph: real wage W P equilibrium employment WS PS Employment rate Where WS represents the Wage Setting relationship, and PS represents the Price Setting relationship. Which of the following statements are INCORRECT? Changes in the marginal product of labour will change the equilibrium level of unemployment because it makes the wage setting (WS) curve shift. A non-labour related increase in cost of production, will shift the PS curve downwards. The PS curve is horizontal because changes in prices do not affect the rate employment in the economy. A positive demand shock that increases actual output will move the equilibrium employment to the right of the point E in the graph.
7. In Australia the (w) is 10 Australian dollars (AUD) per worker per hour, and the rental price of capital (r) is 2 AUD per machine per hour. Then the wage in units of machines-defined as the amount of machines that could be bought with one hour's wage-is calculated a. by the formula w xr and is equal to 20 machines b. by the formula w/r and is equal to 5 machines c. by the formula w +r and is equal to 12 machines d. by the formula w -r and is equal to 8 machines