Worker migration will cause wage rates to equalize across two countries if all of the following conditions are met except that migration is motivated strictly by wage differentials. migration has no cost. both countries use the same currency. neither nation restricts or interferes with migration

Worker migration will cause wage rates to equalize across two countries if all of the following conditions are met except that migration is motivated strictly by wage differentials. migration has no cost. both countries use the same currency. neither nation restricts or interferes with migration

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter12: The American Labor Force

Section: Chapter Questions

Problem 9AA

See similar textbooks

Related questions

Q: Show how workers who wish to maximize the present value of lifetime earnings calculate the net gains…

A: International mobility of labor depends on the factors like- net present value of staying in the job…

Q: Three coworkers work for the same employer. Their jobs are warehouse manager, office manager, and…

A: To calculate:The annual salary of each of the co-workers.

Q: The table below shows information on the adult population of a small country. Employment…

A: The objective of the question is to calculate the size of the labor force in a small country based…

Q: Workers who are part of the ______ economy in most cases are subject to lower wages and minimal…

A: Economies: An economy is an enormous arrangement between related creation and utilization exercises…

Q: One policy based source of structural unemployment is retraining programs economic…

A: Unemployment refers to a situation when a person wants to work but he can not find a paid job.

Q: drawing on Portes (2022) and Sumption ,Discuss the available tools to address labour shortage…

A: A labor shortage occurs when a sufficient number of adequately competent, qualified, trained, and…

Q: Inflation does not reduce the purchasing power of most workers

A: Meaning of Inflation: The term inflation refers to the situation under which there is an excessive…

Q: Poverty may be reduced: By redistributing income By increasing the gross domestic product [GDP] By…

A: Poverty and inequality are reduced when income is redistributed in form of higher taxes to rich and…

Q: The open shop movement emphasized employer rights to freely make decisions regarding their property…

A: The open shop movement is a concept in labor economics that emphasizes the rights of employers to…

Q: How do technological advancements and automation impact labor markets in terms of employment…

A: A subfield of economics known as labour economics studies how employers and employees interact in…

Q: The table below shows information on the adult population of a small country. Employment…

A: The objective of the question is to calculate the size of the labor force in a small country based…

Q: Name one federal statutory law that has put limitations on the employment-at-will doctrine

A: In U.S labor law, At-will employment is an employer's ability to fire an employee for any reason…

Q: how will this impact other new immigrants who may have less experience in Canadian workplaces?

A: The person who resides in country other than birth country is called immigrant. If that person has…

Q: As a result of preferences given to skilled workers by many countries, source countries are most…

A: When talking about labor market, it can be seen that most of the firms prefer to hire skilled…

Question

Worker migration will cause wage rates to equalize across two countries if all of the following conditions are met except that

migration is motivated strictly by wage differentials.

migration has no cost.

both countries use the same currency.

neither nation restricts or interferes with migration.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Write an introduction

VIEW

Step 2: Identify the option that is not required for wage equalization

VIEW

Step 3: Explain the incorrect options

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

As a result of preferences given to skilled workers by many countries, source countries are most likely to implement their own immigration quota system. encounter shortages of talented professionals. try to attract skilled professionals from other countries. prohibit emigration and foreign travel among their citizens. initiate worker training programs.
Find the wages in each country that would result from migration of 5 million workers to the home country from the foreign country in Figure 8.2.
Explain Pull and Push Factors which contribute to International Migration. ( Take low wages as Pull Factor point And Take high wages as Push Factor point)
Workers in Canada enjoy a high standard for living because Unions in Canada keep the wage high Canada has protected its industry from foreign competition Canada has a high minimum wage Workers in Canada are highly productive Workers in Canada are highly paid irrespective of their productivity
Show how workers who wish to maximize the present value of lifetime earnings calculate the net gains to migration, and discuss how this net gain depends on incomes in the states of origin and destination and on migration costs.
Analyze jurisdiction of the US and reviewing parties to employment relations, including trade unions, business partners, collective bargaining and the role of the state.
The graphs below show demand for labor in two countries, A and B, and several vertical labor supply curves. Use these diagrams to answer the question about the effects of migration from one country to the other in search of a higher wage. Let the amount of migration (change in labor supply) be equal to the (identical) horizontal distance between the supply curves in both graphs. Country B Country A Se SB WB SA SA WA d PB h b a DA LB LA What is the effect of this migration on the welfare of workers who migrate? They gain area g They gain area (g+h+e) They gain area (a+b+c). O They gain area (g+h)
Improvements in the productivity of labor will tend to: decrease wages. decrease the supply of labor. increase wages. increase the supply of labor.
The graphs below show demand for labor in two countries, A and B, and several vertical labor supply curves. Use these diagrams to answer the question about the effects of migration from one country to the other in search of a higher wage. Let the amount of migration (change in labor supply) be equal to the (identical) horizontal distance between the supply curves in both graphs. Country B Country A SB SB WB WA SA SA d e g PB h a b DA LA LB What is the effect of this migration on the welfare of factors other than workers in Country A? They gain area (a+b) They lose area (a+b) They gain area b They lose area (a+b+c).
The majority of new Legal Permanent Residents in the US entered the country on family based visas. True False
Immigrants Are Welcome Here: A Case Study of Immigration in Malaysia Monday, April 3rd, 2017 DANIELA BERGMANN In the last year, immigration has captured political and economic debates in numerous countries. Some argue that immigrants displace citizens of the receiving country, while others claim that their tax contributions stimulate economic growth. In spite of these contradictory views, current nationalist movements have made immigration an issue permeated by negativity. This single-sided narrative has set the role of the immigrant as dangerous and harmful to society and the economy. However, evidence suggests that immigration can benefit both immigrant and native workers by decreasing a firm’s costs and increasing production. Özden and Wagner, in their study “Immigrant versus Natives? Displacement and Job Creation,” estimate the impact of immigration on native workers in Malaysia through two effects: the level of substitution between natives and immigrants in the labour market, and…
Immigrants Are Welcome Here: A Case Study of Immigration in Malaysia Monday, April 3rd, 2017 DANIELA BERGMANN In the last year, immigration has captured political and economic debates in numerous countries. Some argue that immigrants displace citizens of the receiving country, while others claim that their tax contributions stimulate economic growth. In spite of these contradictory views, current nationalist movements have made immigration an issue permeated by negativity. This single-sided narrative has set the role of the immigrant as dangerous and harmful to society and the economy. However, evidence suggests that immigration can benefit both immigrant and native workers by decreasing a firm’s costs and increasing production. Özden and Wagner, in their study “Immigrant versus Natives? Displacement and Job Creation,” estimate the impact of immigration on native workers in Malaysia through two effects: the level of substitution between natives and immigrants in the labour market, and…