Suppose that the United States cracks down on illegal immigrants and returns millions of workers totheir home countries.Draw a labor supply curve and a labor demand curve for the United States. Label the curves LS, andLD0-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 it2.80-70-60-50-40-30-20-Real wage rate (2012 dollars per hour)10-0+0100200 300 400 500Labor (billions of hours per year)600>>> Draw only the objects specified in the question.Q

In the above graph, LD0 is the initial demand curve for labor, and LS0 is the initial supply curve…

Answered: Suppose that the United States cracks…

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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How will each of the following scenarios impact the market for labour The country receives an influx of new immigrants. Using (Decrease wage rate, increase employment, employment unchanged, shift outwards/to the right, increase wage rate, wage rate unchanged, shift inwards/to the left, decrease employment, curve unchanged movement along the curve. a. Impact on demand for labour b. Impact on the supply of labour c. impact on age rate d. impact on employment rate.
Suppose that a large number of Canadian consultants decide to take employment in Europe due to better benefits and work environments at European companies. The following graph shows the labour market for consultants in Canada. Show the effect of the emigration on the Canadian labour market for consultants by shifting the labour demand curve, the labour supply curve, or both. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. (?) O Supply Demand Supply Demand LABOUR WAGE
Use the figure below to answer the following question. Real wage rate (2002 dollars per hour) 25 LS 20 15 10 LD LDo O 50 100 150 200 250 300 Labour (billions of hours per year) From the figure, as a result of the rightward shift in the demand curve for labour from LDO to LD1, potential GDP , -- and potential GDP per hour of labour 1) increases; increases 2) decreases; increases 3) increases; decreases 4) decreases; decreases 5) increases; does not change
Assume that Home and Foreign produce two goods, TVs and cars, and use the information below to answer the following questions: Home Country Foreign Country Wage tv = 12. MPLtv =2 Wage*tv = ? MPL*tv =? P*tv = 3 Ptv = ? Wage c = ? Wage*c = 6 MPL*c =1 P*c = ? MPLc =? Pc=4 What is the marginal product of labor for TVs and cars in the Home country? What is the no-trade relative price of TVs at Home? What is the marginal product of labor for TVs and cars in the Foreign country? What is the no-trade relative price of TVs in Foreign? Suppose the world relative price of TVs in the trade equilibrium is PTV /PC = 1. Which good will each country export? Briefly explain why.
Question How will each of the following scenarios impact the market for labour The country receives an influx of new immigrants. Please choose one of the options below for EACH of the following decrease employment, shift inward/ to the left, Shift outward/ to the right, increase employment, increase wage rate, wage rate unchanged, curve unchanged (movement along the curve), decrease wage rate, employment unchanged a) impact on demand for labour b) impact on supply of labour c) impact on wage rate d) impact on employment level
The United States is increasingly outsourcing jobs to India: having the work done in India rather than in the United States. For example, the Indian firm Tata Consultancy Services, which provides information technology services, increased its work force by 70,000 workers in 2010 and expected to add 60,000 more in 2011 (“Outsourcing Firm Hiring 60,000 Workers in India,” San Francisco Chronicle, June 16, 2011). As a result of increased outsourcing, wages of some groups of Indian skilled workers have in-creased substantially over the years. Use a supply-and- demand diagram to explain this outcome.
please also do the graph. thank youuuu
The bulk of Coca Cola employees in USA are Mexican migrants. Explain the effects of migration on both Mexico and USA. Use the figure below and the marginal product of labour concept to explain your answer.
Full answer to question a and b
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Equilibrium in the labour market depends on the demand for labour and the supply of labour. Graphically demonstrate how the supply of labour in the U.S. is affected by the increase in the labour force resulting from Mexican immigrants. What other factors that can cause the labour supply curve to shift?
Immigration is a multi-faceted phenomenon, with the potential for both large-scale and industry- specific effects. Consider the following two effects of immigration that could occur in a specific market: • More consumers are now in the market. • The price of labor goes down due to increased competition in the labor market. Focusing only on these two effects, what would we expect to happen to prices and quantities in this market? Note labor is used as an input in all industries. a. Prices will decrease, but quantities could increase, decrease, or stay the same. b. Prices will increase, but quantities could increase, decrease, or stay the same. c. Quantities will decrease, but prices could increase, decrease, or stay the same. d. Quantities will increase, but prices could increase, decrease, or stay the same.

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