Recent immigration (legal and illegal) has a high proportion of low skilled workers. What are the economic effects of the increase in low skilled workers?
a. lower wages in low skill jobs and higher costs to middle and upper income households of services such as housekeeping and lawn care
b. higher wages in low skill jobs and lower costs to middle and upper income households of services such as housekeeping and lawn care
c lower wages in low skill jobs and lower costs to middle and upper income households of services such as housekeeping and lawn care
d. lower wages in low skill jobs and higher costs to middle and upper income households of services such as housekeeping and lawn care
c lower wages in low skill jobs and lower costs to middle and upper income households of services such as housekeeping and lawn care
You might also like to view...
Long-run economic profit does not exist for fixed factors like land because
A) bidding drives up the price of the factor until no economic profit exists. B) there is no market for such factors. C) these factors have L-shaped isoquants. D) these factors will earn economic profits.
Which of the following is a positive economic statement?
A) We should raise the minimum wage in order to provide a decent wage for more people. B) Consumers bought fewer cars when the relative price of cars increased. C) The budget deficit has been rising in recent years. D) Federal government spending ought to be curtailed. E) b and c
Name the three types of unemployment.
What will be an ideal response?
What multinational institution was created by the Uruguay Round Agreements and replaced the GATT?
A) WTO B) European Union C) NAFTA D) None of the above