Suppose you observe the following change in the production possibility frontier of the economy: Car Software You know that software is intensive in high-skilled workers, while cars are intensive in low-skilled workers. Which influx of immigrants is most likely to have caused such change? O Low skilled immigrants O 50-50 mix of high skilled immigrants and low skilled immigrants O High-skilled immigrants O Not enough information

Suppose you observe the following change in the production possibility frontier of the economy: Car Software You know that software is intensive in high-skilled workers, while cars are intensive in low-skilled workers. Which influx of immigrants is most likely to have caused such change? O Low skilled immigrants O 50-50 mix of high skilled immigrants and low skilled immigrants O High-skilled immigrants O Not enough information

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 8PA

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Similar questions

What does the positive and statistically significant correlation suggest about real income per capita as a measure of welfare? O A. Since correlation does not mean causality, real income per capita should not be used to measure welfare O B. Real income per capita is a reliablethough not perfect-indicator of human welfare within and across countries. O C. Correlation is a statistical quirk and suggests nothing about the use of real income per capita as a measure of welfare O D. Real income per capita can be trusted to give unquestionable assessments of human welfare within and across countries
Cooperton and Denalla each produce two products; pots and pens. The table shows the productlon possibilitles for each country. Cooperton Denalia Pots Pens Pots Pens 6,000 4,500 100 4,000 50 3,000 200 2,000 100 1,500 300 200 Which of the following terms of trade would be beneficlal for both countries? O 1 pot trades for 25 pens O 1 pen trades for 1/18 of a pot 1 pot trades for 15 pens O 1 pen trades for 1/22 of a pot
c. Compare the agricultural employment share and agricultural labor productivity, boththe level and the trend, between the two groups of countries(high-income vs. low-income countries). What can you tell about the differences?d. The theory in Lagakos and Waugh (2013) explains the low agricultural labor productivityin low-income countries with self-selection. Explain the main mechanism of the theory onhow self-selection leads to low agricultural labor productivity in poor countries. (both c and d please)
An emerging country is defined as a country that becomes more engaged with global markets as it grows while it is transitioning from a low income, less developed, often pre-industrial economy towards a modern industrial economy with high production and higher standard of living. If this country's economic growth, results in more negative impact on environment, which of the followings best describes the contribution of income size of the economy on environment. Income effect dominates the size effect. O Size effect dominates Income effect. Both Income effect and size effect have the same effect. O The relation is not definable. None of the above
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true false
Need good explanation and no plagiarism
The value of what Burger King produces in France is included in the United States and in the French O A) GDP; GNP O B) GDP; GDP O C) GNP; GNP O D) GNP; GDP
Q1
Which of the following is NOT a concern for macroeconomics? O A. The level of unemployment caused by the COVID 19. B. The loss of economic output caused by COVID 19. O C. The change in the price level of alcohol-based hand sanitisers caused by COVID 19. O D. the change in the level of imports vs exports caused by COVID 19.
|The per capita output of an economy is likely to increase if: a. the government manages the foreign investment in the economy. O b. the population of the country grows faster than its labor force. O c. the government controls the number of illegal immigrant workers in the economy. O d. the government increases the tax rates. e. the number of workers in the economy grows faster than its population.
uestion 3 How will an increase in labor productivity affect equilibrium in the labor market? O The demand for labor will decrease because fewer workers will be needed to produce the same output. The equilibrium wage and quantity of labor will decrease. O The demand for jobs will increase and the equilibrium wage and quantity of labor will increase. O The supply of labor will increase and the equilibrium wage and quantity of labor will increase. O The demand for labor will increase and the equilibrium wage and quantity of labor will increase.