How is the surplus divided between groups in the economy

Assignment Help Microeconomics
Reference no: EM13205682

Explain what short-run impact immigration is likely to have on natives' wages and employment when immigrants are

a) substitutes to natives and
b) complements to natives.
Explain also the so-called immigration surplus for the short-run case when immigrants are substitutes to natives. How is the surplus divided between groups in the economy?

Reference no: EM13205682

Questions Cloud

Why arent wages falling so to clear market in equilibrium : Efficiency wage models are sometimes used to explain the existence of involuntary unemployment in the labour market. Provide a short description of the shirking model. Why can it be in a firm's interest to increase the wage above what is paid by o..
Thermal decomposition of limestone to lime required heat : Thermal decomposition of 5.00 metric tons of limestone to lime and carbon dioxide requires 9.00 x 10^6 kJ of heat.
Determine what will be the outcome of the game : Now suppose the same game is played with the exception that Player A moves first and Player B moves second. Using the backward induction method discussed in the online class notes, what will be the outcome of the game
Explain compounds of boron and hydrogen are remarkable : Compounds of boron and hydrogen are remarkable for their unusual bonding and also for their reactivity. With the more reactive halogen
How is the surplus divided between groups in the economy : Explain what short-run impact immigration is likely to have on natives' wages and employment when immigrants are a) substitutes to natives and b) complements to natives. Explain also the so-called immigration surplus for the short-run case.
State what are its colors in acidic and in basic solutions : Phenolphthalein is one of the most common indicators. What are its colors in acidic and in basic solutions?
Explain reaction is a catalytic hydrogenation : This reaction is a catalytic hydrogenation that only partially reduces an alkyne. Consider whether the hydrogenation
Identify the potential donor atoms in each of lewis bases : Identify the potential donor atoms in each of the following Lewis bases and classify the donor atom(s) as hard soft or borderline bases
What is the marginal revenue product of land : The current market wage rate is $10, the rental rate of land is $1,000 per unit, and the rental rate of capital is $500. Production managers at a firm find that under their current allocation of factors of production, the marginal revenue product ..

Reviews

Write a Review

Microeconomics Questions & Answers

  What happens to the supply and demand

Beer and pizza are complements because they are often enjoyed together. When the price of beer rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the market for pizza.

  Neolithic revolution

Neolithic Revolution

  What is the opportunity cost of using the unused portion

The World of Videos operates a retail store that rents movie videos. For each of the last 10 years, World of Videos has consistently earned profits exceeding $30,000 per year. The store is located on prime real estate in a college town. World of V..

  What is significance of the opportunity cost to the search

Explain: "without a market for pollution rights, dumping pollutants into the air or water is cost less; in the presence of the right to buy and sell pollution rights, dumping pollutants creates an opportunity cost for the polluter.

  How to determine the unexpected increase in ad

Suppose the wage rates of workers are based on the expected price level. If there is an unexpected increase in AD, it will cause the actual price level to increase. Then workers should raise their expected price level and negotiate a higher wage r..

  Issues in managerial economics and globalization

Analyze how production and cost functions in the short run and long run affect the strategy of individual firms and use technology and information resources to research issues in managerial economics and globalization.

  Calculate the average variable cost for brian and kims firm

Calculate the following for Brian and Kim's firm

  Present value of endowment would be what

the present value of his endowment would be what? I know the answer is 2500, but I need to know HOW you get this?

  How could we argue that these markets are notcompetitive

How could we argue that these markets are notcompetitive and could each firm face a demand curve that is not perfectly elastic?

  How consumer as would the utility-maximization approach

Sometimes it is convenient to think about the consumer's problem in its "dual" form. This alternative approach asks how a person could achieve a given target level of utility at minimal cost. this approach will yield the same choices for this consu..

  How current trends in consumerism may change the way

Discuss how current trends in consumerism may change the way health care professionals are paid. Do you think it will get to a point where they are only paid for performance.

  The us economy is at full employment

President North West is spending billions of dollars on military equipment in the U.S. He is also attempting to carry out his promise to put a man on Mars by the end of the decade.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd