PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
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Chapter 8, Problem 8.5CC
To determine
Explain the contraction between the actions of labor unions and employers on immigration.
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Do you think the benefits of labor migration outweigh the problems and incidents that causes on the life of the migrant workers and their families? Explain briefly.
In 2021 the number of registered migrant workers is decreasing. Why do you think it happen?
b) Suppose that some of the immigrants set up businesses rather than become employees. Explain how you expect this to affect the wage-setting curve, the price-setting curve and the labour market equilibrium.
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PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
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- 1) Using the most recent Occupational Employment Statistics located at the US bureau of labor statistics determine: a.Which five (5) occupations have the highest wage growth? Do you think these occupations could be offshored? b.Which five (5) occupations have the lowest wage growth? Do you think these occupations could be offshored? 2) Using the International Trade and Market Access Data located at the World trade organization stats dashboard: Identify three (5) countries with high average tariffs. Are the countries large or small? What might explain the high tariffs in these countries?arrow_forward1) Using the most recent Occupational Employment Statistics located at the US bureau of labor statistics determine: a. Which five (5) occupations have the highest wage growth? Do you think these occupations could be offshored? b. Which five (5) occupations have the lowest wage growth? Do you think these occupations could be offshored? 2) Using the International Trade and Market Access Data located at the World trade organization stats dashboard: Identify three (5) countries with high average tariffs. Are the countries large or small? What might explain the high tariffs in these countries?arrow_forwardWhat is a labor union? What is the percentage of the labor unions in our economy during 2020? Name three labor unions that exist in today's economy.arrow_forward
- 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.arrow_forwardThe number of adults not in the labor force of a country equals 6 million, and the number of individuals employed is 5 million. If there are 12 million potential adult workers in the economy, what is the current unemployment rate in this country? 45 percent 67 percent 21 percent 55 percent If the opportunity cost of working outside the home increases, then ________ the labor supply curve, assuming all else equal. there will be a left shift in there will be a right shift in there will be an upward movement along there will be a downward movement along Which of the following statements is true? Technological innovation always leads to unemployment in an economy as a whole. Technological innovation can cause wages to fall for some workers in an economy. Technological innovation increases wages for all workers in an economy. Technological innovation reduces the demand for goods and services in an economy. If the annual inflation rate in an economy is i, then $1 borrowed at the…arrow_forwardWhat is the impact on the labour market due to the arrival of a boatload of Haitian migrants? Select one: a. labour demand shifts to the left; wage rate decreases and level of employment decreases b. labour demand shifts to the right; wage rate increases and level of employment increases c. labour supply shifts to the left; wage rate increases and level of employment is lower d. labour supply shifts to the right; wage rate decreases and level of employment is higherarrow_forward
- 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.arrow_forwardWhich of the following is not true? Trade shifts jobs from export sector to import-competing. From 2001 to 2010, only about 2% of involuntary displacements stemmed from import competition or plants moved overseas. There no evidence of a positive correlation between unemployment and imports (relative to U.S. GDP) for the U.S. The process of job shifting is not instantaneous.arrow_forwardQUESTION 14 There are two countries - the US, and China. There are one hundred workers in each country. It takes 1.0 to produce on unit of tradables in the US. It takes 8 in China. For nontradables, it takes 4 workers in the US and 8 workers in China. What is the wage rate in the U.S? 0.5 2.0 1.0 0.5arrow_forward
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