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- A visiting American executive finds that a foreign subsidiary inBangladesh has hired a 12-year-old girl to work on a factoryfloor, in violation of the company's prohibition on child labour.He tells the local manager to replace the child and tell her to goback to school. The local manager tells the American executivethat the child is an orphan with no other means of support, andshe will probably become a street child if she is denied work. explain Cultural Relativist based on the statement givenOther than the demand for labor, what would be another example of a 'derived demand?If immigration is reduced, what is the impact on the wage for low-skilled labor? Explain.
- Immigration is a multi-faceted phenomenon, with the potential for both large-scale and industry- specific effects. Consider the following two effects of immigration that could occur in a specific market: • More consumers are now in the market. • The price of labor goes down due to increased competition in the labor market. Focusing only on these two effects, what would we expect to happen to prices and quantities in this market? Note labor is used as an input in all industries. a. Prices will decrease, but quantities could increase, decrease, or stay the same. b. Prices will increase, but quantities could increase, decrease, or stay the same. c. Quantities will decrease, but prices could increase, decrease, or stay the same. d. Quantities will increase, but prices could increase, decrease, or stay the same.Question 3 of a diagram, 3.1 Explain, with the aid assume that the demand for low-skilled labour in South Africa is W=30100=E where E is the number of workers in (millions) and w is the hourly wage. There are 100 million fitters who labour supply is inelastic. If South Africa opened its borders to immigration of 10 million low skilled labourers - what would be the effect in the labour market?It has been argued by some that immigration reduces job opportunities for native-born workers. Based on our understanding of labor markets, we would conclude that This statement is generally inconsistent with economic logic because wages do not differe from country to country and immigration is generally not economically logical. this statement is generally consistent with economic logic becuase there are only a fixed number of jobs available and immigrants are willing to work for lower pay than native born workers. This statement is generally inconsistent with economic logic since more supply can lower wages and induce additional labor demand. This statement is generally consistent with economic logic because when firms create new jobs they have a need for foreign workers with different edcuational skils than native born workers.
- 21. How does increased immigration affect the labor market? How would the equilibrium wage and the equilibrium quantity of labor be affected?The following graph illustrates a labour market. If the market wage rate is currently $5 per hour, what is the equilibrium wage rate likely to be? Wage rate($) 10 9 8 7 6 5 4 3 2 1 0 SL e.7 f.4 0 1 2 3 4 st DL 5 6 7 8 9 10 Quantity of labour a. 3 b.5 c.8 d. it is not possible to say because there are two equilibriaPls select the correct option and explain it in 6-7 sentences ok. Using natural experiments to evaluate the causal effect of immigration on local labor markets is challenging because: a. Native-born residents of a city may be more likely to out-migrate in response to a large amount of in-migration. b. An increase in the number of immigrants to a city from one country may discourage immigration to that city from other places. c. Local businesses may move to a city with a lot of new immigrants. d. All of the above are correct. e. None of the above are correct.
- Policymakers sometimes propose laws requiringfirms to give workers certain fringe benefits, such ashealth insurance or paid parental leave. Let’s considerthe effects of such a policy on the labor market.a. Suppose that a law required firms to give eachworker $3 of fringe benefits for every hour that theworker is employed by the firm. How does this lawaffect the marginal profit that a firm earns from eachworker at a given cash wage? How does the lawaffect the demand curve for labor? Draw your answeron a graph with the cash wage on the vertical axis.b. If there is no change in labor supply, how wouldthis law affect employment and wages?c. Why might the labor-supply curve shift inresponse to this law? Would this shift in laborsupply raise or lower the impact of the law onwages and employment?d. As discussed in Chapter 6, minimum-wage lawskeep the wages of some workers, particularlythe unskilled and inexperienced, above theequilibrium level. What effect would a fringebenefit mandate have…Suppose that Congress passes a law requiringemployers to provide employees some benefit (suchas healthcare) that raises the cost of an employee by$4 per hour.a. What effect does this employer mandate haveon the demand for labor? (In answering this andthe following questions, be quantitative whenyou can.)b. If employees place a value on this benefit exactlyequal to its cost, what effect does this employermandate have on the supply of labor?c. If the wage can freely adjust to balance supply anddemand, how does this law affect the wage andthe level of employment? Are employers better orworse off? Are employees better or worse off?d. Suppose that, before the mandate, the wage in thismarket was $3 above the minimum wage. In thiscase, how does the employer mandate affect thewage, the level of employment, and the level ofunemployment?e. Now suppose that workers do not value themandated benefit at all. How does this alternativeassumption change your answers to parts(b) and (c)?Wil save tihis response. Question 9 Wage per Hour Quantity of Labor Supplied Quantity of Labor Demanded 30 SAR 160 240 50 SAR 180 220 70 SAR 90 SAR 200 200 220 180 110 SAR 240 160 130 SAR 260 140 What is the equilibrium wage in the above labor market?