Which of the following is the most likely explanation for why Mexican immigrants earn 46% less than native workers while Canadian immigrants earn 36% more than native workers in the United States?
A. The immigrant flow is negative from both countries, but there are fewer Canadian immigrants than there are Mexican immigrants.
B. The immigrant flow is negative from both countries, but there are more Canadian immigrants than there are Mexican immigrants.
C. The immigrant flow is positively selected from Mexico but negatively selected from Canada.
D. The immigrant flow is positive from both countries, but there are fewer Canadian immigrants than there are Mexican immigrants.
E. The immigrant flow is negatively selected from Mexico but positively selected from Canada.
Answer: E
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Slower real wage growth in the U.S. since the 1970s accompanied by rapid job growth, can be explained by:
A. a productivity slowdown accompanied by a decrease in the labor supply. B. skill-biased technological change. C. globalization. D. a productivity slowdown accompanied by an increase in the labor supply.
Government spending plays no role in meeting our social and public needs.
Answer the following statement true (T) or false (F)
The slope of an isoquant measures
A) the ratio of the marginal utility of the two inputs. B) the price ratio of the two inputs. C) the rate at which inputs can be substituted for each other keeping total output constant. D) the average product of labor.
Refer to Figure 15-18 to answer the following questions
a. What quantity will this monopoly produce and what price will it charge? b. Suppose the government decides to regulate this monopoly and imposes a price ceiling of $25. Now what quantity will the monopoly produce and what price will it charge? c. Will every consumer who is willing to pay the ceiling price of $25 be able to buy the product? Briefly explain.