Suppose that the United States cracks down on illegal immigrants and returns millions of workers to thei 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.

Suppose that the United States cracks down on illegal immigrants and returns millions of workers to thei 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.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 14P

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