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 LD0- 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. 80- 70- 60- 50- 40- 30- 20- Real wage rate (2012 dollars per hour) 10- 0+ 0 100 200 300 400 500 Labor (billions of hours per year) 600 >>> Draw only the objects specified in the question. Q
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 LD0- 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. 80- 70- 60- 50- 40- 30- 20- Real wage rate (2012 dollars per hour) 10- 0+ 0 100 200 300 400 500 Labor (billions of hours per year) 600 >>> Draw only the objects specified in the question. Q
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
Problem 13P
Related questions
Question
Transcribed Image Text: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
LD0-
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.
80-
70-
60-
50-
40-
30-
20-
Real wage rate (2012 dollars per hour)
10-
0+
0
100
200 300 400 500
Labor (billions of hours per year)
600
>>> Draw only the objects specified in the question.
Q
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