Answer the following statements true (T) or false (F)
1) Economic models of illegal immigration suggest that domestic-born workers avoid certain
types of work more because the inflow of immigrants has reduced wages, rather than because the work is unpleasant.
2) Removing all illegal immigrants would expand domestic-born employment by an amount equal
to the number of illegal immigrants removed.
3) Illegal immigration helps improve the standard of living for U.S. citizens by keeping prices lower.
4) Illegal immigrants overall contribute more in taxes than they receive in services from state and
local governments.
1) T
2) F
3) T
4) F
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Distinguish between two kinds of asymmetric information
What will be an ideal response?
Comparable worth legislation
A) guide markets toward the economically efficient wage. B) mandate that employers pay the same wages to workers, regardless of their gender, for jobs that have comparable worth. C) will eliminate the earnings gap between men and women. D) mandate that potential employers demonstrate that they are worth the wages they expect to earn.
Falling inequality has been a feature of the HPAE due to land reform, free public education, free basic health care, and significant investments in infrastructure for communication, sanitation, and transportation
Indicate whether the statement is true or false
The government's economic programs and policies in the United States _____
a. are determined mostly by professional economists b. are largely determined by looking at what other countries are doing c. are a product of a democratic political system d. are largely determined by corporations