Microeconomics
21st Edition
ISBN: 9781259915727
Author: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn Dr.
Publisher: McGraw-Hill Education
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Question
Chapter 25, Problem 1DQ
To determine
Evaluate the statement whether it is true or not.
Expert Solution & Answer
Explanation of Solution
Option (a):
Between years 2000 and 2009, there were approximately 1 million legal immigrants. But during the same period, the average illegal immigrant number stood at 300,000. So, this statement is false.
Option (b):
Between years 2000 and 2009, 55% of legal immigrants were women. So, this statement is false.
Option (c):
Every year, only 15% of legal immigrants are Mexicans. So, this statement is false.
Option (d):
Majority of the legal immigrants in United States gain their legal status through family based sponsorship. So, this statement is false.
Economics Concept Introduction
Concept Introduction:
Immigrant: A person who migrates to another country, usually for permanent residence.
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Figure 9.2, U.S. Labor Market
Figure 9.2 represents the U.S. labor market. Assume that labor and capital are the only factors of
production. Also assume the initial supply schedule of labor is denoted by S, and consists entirely of
native U.S. workers. The demand schedule of labor is denoted by Do
Hourly Wage/S
O
O
18
Select one:
O
12
O
9
So
2
Consider Figure 9.2. Policies that permit Mexican workers to freely migrate to the United States would likely be resisted by:
S₁
a. U.S. capital owners
b. Native U.S. workers
3
Do
6
Quantity of
Labor
c. U.S. capital owners and native U.S. workers
d. Neither U.S. capital owners or native U.S. workers
The government announces programs designed to reduce the share of income going to the top quintile from 60% to 20%.
You predict that the most likely result is that:
O mean household income will fall, because the highest income earners will earn less and work less.
median household income will rise, because some of the 40% of redistributed income will be transferred to the third
quintile.
after redistribution, each quintile will receive 20% of total wealth.
O the lowest quintile will receive the 40% taken from the top quintile and switch places.
Suppose that in Workaholia the total population = 180 million, the number of unemployed = 5 million, and the labor force = S5 million.
What is the employment to population ratio in Workaholia if 60 million people are ineligible to work?
Select one:
O a. 50.0%
O b. 55.5%
Oc 61.2%
O d. 41.7%
O e. 68.4%
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