Explain the reasoning behind why employment could increase for domestic-born workers if immigrant workers become complementary resources rather than substitute resources
What will be an ideal response?
Immigrant workers may become a complementary resource to domestic-born workers and thus increase their employment. The migration of workers from low-wage nations lowers the wage rates in the receiving high-wage nations and reduces production cost, creating an output effect that raises the demand for certain domestic-born workers. For example, the large number of immigrants working in the agriculture industry lowers agricultural wages and reduces the costs of produce. That in turn increases the amount of produce available and increases the demand for domestic-born truck drivers to transport the goods to the markets that sell the produce.
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In the United States for the year 2012, the federal government had a ________ so the national debt was ________
A) budget deficit; increasing B) budget surplus; increasing C) budget surplus; decreasing D) balanced budget; not changing E) budget deficit; decreasing
If demand is price elastic,
A) a 1 percent decrease in the price leads to an increase in the quantity demanded that exceeds 1 percent. B) a 1 percent increase in the price leads to an increase in the quantity demanded that exceeds 1 percent. C) a 1 percent decrease in the price leads to a decrease in the quantity demanded that is less than 1 percent. D) the price is very sensitive to any shift of the supply curve.
One reason markets may fail to provide the optimal quantity of public goods is the problem of
A) determining what the public wants. B) nontariff barriers. C) nondiscrimination. D) free riders. E) economic integration.
An increasing block pricing structure for water supplies
a. creates an economic incentive to conserve water usage b. charges a higher price for lower levels of water consumption c. does not reflect the underpinnings of benefit-cost analysis d. ignores the marginal cost of water consumption