Why do so many immigrants end up in jobs like restaurant and hotel work, lawn care, and janitorial work?
a. Immigrants prefer jobs where they can move around a lot.
b. Skilled immigrants are not allowed to use those skills in the United States.
c. Many immigrants over age 25 lack a high school diploma.
d. Immigrants try to earn some quick cash before returning to their home countries.
c. Many immigrants over age 25 lack a high school diploma.
About one-third of immigrants over the age of 25 lack a high school diploma. As a result, many recent immigrants end up in jobs like restaurant and hotel work, lawn care, and janitorial work.
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Jim, a U.S. citizen, works only in Croatia. The value added to production from his employment is:
A) included in only Croatian GNP. B) included only in U.S. GDP. C) included only in U.S. GNP. D) not included in either U.S. GDP or U.S. GNP.
In the long run, neither competitive price takers nor competitive price searchers will be able to earn economic profits because
a. entry barriers into these markets are high, raising the costs of each firm. b. the government will dictate moderate prices for these firms. c. competition will force prices down to the level of per-unit production costs. d. marginal revenue is always less than marginal cost when barriers to entry are low.
The marginal seller is the seller who
a. cannot compete with the other sellers in the market. b. would leave the market first if the price were any lower. c. can produce at the lowest cost. d. has the largest producer surplus.
What are the typical effects on the labor market of technological progress?