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Peterson has just completed his study from college and is now a junior member of the staff of a United State senator. He has been asked to draft a statement detailing the senator's position on the economic growth implications of immigration. His research on the topic has uncovered the following facts. First, more than a fifth of scientists actively involved in research at the US universities are immigrants. Second, foreign-born scientists residing in the United States write about 60 percent published research studies in the physical sciences and about 30 percent of research publications in the life sciences. Third, nearly a forth of the founders or chief executives of U.S. biotechnology firms that have become publics companies since the early 1990s were born abroad. Peterson knows that in the past the senator who employs him has generally been opposed to permitting unhindered immigration. Nevertheless, the senator also strongly favors policies that promote economic growth. Peterson's task, given what he has learned, is to compose a draft statement reconciling the senator's two positions.
1. Why might unhindered immigration have uncertain effects on US per capita GDP even though immigrant scientists contribute so much to the nation's stock of knowledge and expertise?2. How might Peterson draw on the insights of new growth theory to draft a position statement ruling out unhindered immigration but proposing greater openness to "targeted immigrants"?
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Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
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Which of the following is true for perfect competition, monopolistic competition, and monopoly?
Could a labor union or a minimum salary law efficiently help to raise wages.
Suppose no increase in the price of labor, how many workers will the bakery hire.
Marlene will live for for more time duration. In the current period, she has the option of attending college.
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