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Suppose that the demand for undocumented immigrants by U.S. employers is Ed =100–w, and the supply of labor by undocumented immigrants is Es =3w, where E is measured in thousands.
a) In the absence of any enforcement efforts (border or otherwise), how many immigrants enter the United States? What is the equilibrium wage?
b) Now suppose that the government devotes resources to patrolling the border. Suppose that these efforts lead to the capture and repatriation of two-thirds of the Es immigrants who seek to cross into the United States illegally. (In the interest of simplicity assume that the supply of labor is still Es =3w.) What happens to the equilibrium wage and the level of employment?
Now suppose Alex's income increases to $1,500 per year. What is her new optimal consumption of x? What is her new optimal consumption of z?
Edison Electric Company's president has been arguing that residential electric rates need to be raised relative to industrial rates.
Why would a unionized firm be likely to pay a greater portion of hourly compensation in the form of employee benefits, such as pensions and life insurance, than a nonunion firm?
During the 1970s the postwar baby boomers reached working age, and it became more acceptable for married women with children to work. predict how this increase in the number of working is likely to affect the equilibrium wage and quantity of emplo..
If a firm practices first-degree (perfect) price discrimination, it must be TRUE that the firm: Price discrimination is motivated by the firm's desire to:
If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
Use production functions from the economic growth model to explain why the United States of America grew at a much faster rate than the Soviet Union in the latter half of the 20th century.
An experimental composite engine block for an automobile will trim 20 pounds of weight compared with a traditional cast iron engine block. It is estimated that at least $2,500 in life-cycle costs will be saved for every pound of weight reduction over..
Research the government shutdown using legitimate news and political sources. Describe the effect the government shutdown had on federal services and federal spending. Discuss it in terms of the effect on government policy, the effect on the economy,..
Examine the effects of supply and demand of milk. How do markets operate to bring this product into existence? Think about how these different markets work together to create a new product. How does that relationship affect supply and demand for the ..
Why Is government intervention needed for our economy to run well. If Xavier keeps the tutor until his grade actually begins to fall, his marginal utility will be.
A program evaluation is the systematic examination of any activity undertaken by government to make a determination about their effects, both short and long term.
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