Better off or worse off following immigration

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Reference no: EM131161511

You must label your graph, identify key points and quantities, and answer the question to receive full credit. Use the numbers in the question as appropriate in your graphs. 31. Please answer each of the following:

a) Use a diagram to show whether society (including only those who were in the country prior to immigration and not the well-being of the immigrants) is better off or worse off following immigration. Explain your diagram as necessary.

b) Consider a consumer that consumes only Food and Clothing. For this consumer Clothing is a normal good and Food is an inferior good. Use a diagram to show the effect of a decrease in the price of Clothing on the quantity demanded of Food and Clothing.

c) In 2011, the poverty rate in the United States was 15.0 percent. Please use a diagram to show how this number can be seen on a histogram of income.

Reference no: EM131161511

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