Labor Economics
7th Edition
ISBN: 9780078021886
Author: George J Borjas
Publisher: McGraw-Hill Education
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Question
Chapter 3, Problem 15P
(a)
To determine
Explain the changes in the domestic and foreign labor in order to restore the given condition.
(b)
To determine
Explain the three policies that the domestic country could employ if it wants to reverse the outflow of labor.
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3. The general assumption is that the demand for labour usually goes hand in hand with the demand for product. That is, the higher the demand for product, the higher will be the demand for labour. Is this always true? Use specific examples from your readings and models discussed on the course to facilitate your answer. (800 words only)
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