For questions 7- 10: Suppose a worker's skill-is captured by his efficiency units of labor (s). The distribution of efficiencyunits in the population is such that worker i has efficiency unit 2i. There are 100·workers in the population. In decidingwhether to migrate to the Utopia, these workers compare their weekly earnings at home (wo) with their potential earnings:in the Utopia (wi). The wage-skills relationship in each of the two·countries is given by:wo=200+sand wi=260+0.5se7. For worker with rank 50, his/her skill-is-A. 10 unitsB. 20 unitseC. 100 unitsD. 200 unitse8. If there is no migration cost, at most,;A. 60; positively selectedC. 40; positively selectedworkers will migrate to Utopia. The immigrant flow is:B. 60; negatively selectedeD. 40; negatively selectede9. For this question only, suppose it costs $10- to migrate. At most,flow isworkers will migrate to Utopia. The immigrantA. 40; negatively selectedC. 50; negatively selectedeB. 40; positively selectedeD. 50; positively selected10. For this question only, suppose the income of Utopia decreases $30 due to natural·hazard. At most,:migrate to Utopia. The immigrant flow is:A. 30; negatively selectedC. 50; negatively selectedworkers willB. 30; positively selectedD. 50; positively selected

Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

For questions 7- 10: Suppose a worker's skill-is captured by his efficiency units of labor (s). The distribution of efficiency. units in the population is such that worker i has efficiency unit 2i. There are 100 workers in the population. In deciding whether to migrate to the Utopia, these workers compare their weekly earnings at home (wo) with their potential earnings in the Utopia (wi). The wage-skills relationship in each of the two countries is given by: wo=200+s and wi=260+0.5se 7. For worker with rank:50, his/her skill-is- A. 10 unitse C. 100 units B. 20 unitse D. 200 unitse 8. If there is no migration cost, at most, A. 60; positively selectede C. 40; positively selectede workers will migrate to Utopia. The immigrant flow is B. 60; negatively selectede D. 40; negatively selected 9. For this question only, "suppose it-costs $10-to migrate. At most, flow is: A. 40; negatively selectede C. 50; negatively selectede workers will-migrate to Utopia. The immigrant- B. 40; positively selectede D. 50; positively selected

For questions 7- 10: Suppose a worker's skill-is captured by his efficiency units of labor (s). The distribution of efficiency. units in the population is such that worker i has efficiency unit 2i. There are 100 workers in the population. In deciding whether to migrate to the Utopia, these workers compare their weekly earnings at home (wo) with their potential earnings in the Utopia (wi). The wage-skills relationship in each of the two countries is given by: wo=200+s and wi=260+0.5se 7. For worker with rank:50, his/her skill-is- A. 10 unitse C. 100 units B. 20 unitse D. 200 unitse 8. If there is no migration cost, at most, A. 60; positively selectede C. 40; positively selectede workers will migrate to Utopia. The immigrant flow is B. 60; negatively selectede D. 40; negatively selected 9. For this question only, "suppose it-costs $10-to migrate. At most, flow is: A. 40; negatively selectede C. 50; negatively selectede workers will-migrate to Utopia. The immigrant- B. 40; positively selectede D. 50; positively selected

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Consider an overlapping generations model. Suppose population grows at a 2% rate, and wage grows at a 6% rate. Generation 2 has 500 people, who have an average salary of $30,000, and everyone pays 8% of their income to generation 1. What is the total amount generation 2 pays to generation 1? If generation 3 pays generation 2 the same dollar amount gen-eration 2 paid generation 1, what percentage of their income dothey pay?
dont use chatgpt answer In the specific-factors model, labor migration from Mexico to the United States will cause _________ in U.S. low-skilled wages and _________ in Mexican low-skilled wages. A) increases; decreases B) increases; increases C) decreases; decreases D) decreases; increases
Briefly explain two (2) of the five (5) policy implications of the Todaro migration model.
During the 1970s, the wages of high school graduates rose more than the wages of college graduates. During that same time, the fraction of high school graduates enrolling in college decreased substantially. Is this decrease in the college enrollment rate consistent with the human capital model of education? Explain (make sure to explain what the human capital model of education is as part of your answer.
International factor movements can sometirmes substitute for trade, so it is not surprising that international migration of labour is similar in its causes and effects to intemational trade. Labour moves from countries where it is abundant to countries where it is scarce. This movement raises total world output, but it also generates strong income distribution effects, so that some groups are hurt as a result. This movement can be illustrated by on what was happening in the United States and Mexico. Studies of the effects of immigration into the United States from Mexico tend to find that the big winners are the immigrants themselves. QI: Explain the effects of this situation to the following five different groups of people: a) Workers who were originally in the United States b) American landowners c) Workers who stay in Mexico d) Mexican landowners e) The workers who do move
QUESTION 5. The approach by Borjas (2003) on evaluating the effects on immigration ignores: (a) Cross-wage effects. (b) Real-wage effects. (c) Efficiency-wage effects. (d) Own-wage effects.
(5).
When workers move from one industry to another in response to demand changes, this is an example of Multiple Choice O factor mobility. the decreasing investment in human capital. capital stock. factor quality.
Question 5 – Wage Structure Suppose the 50 % of a country’s population with the lowest income receive 30 % of the nation’s income, that the 50% with the highest income receive 70% of the nation’s income. a) What is the Gini coefficient for the country? b) What is the limitation associated with Gini coefficient measure?
Suppose two households earn $50,000 and $84,000 respectively. What is the expected percent difference in wages between the children, grandchildren, and great-grandchildren of the two households if the intergenerational correlation of earnings is 0.4? Show your work. Children: __________________ Grandchildren: __________________ Great-grandchildren: __________________
Immigration and Labor Market Equilibrium Consider two distinct labor markets in two provinces, Gaziantep and Trabzon. Initially, the “native” wage ?? is the same in both provinces, with equilibrium occurring at the intersection of labor supply and demand curves in each of the provinces. Suppose that Gaziantep receives an influx of Syrian immigrants. Assume that immigrants and natives are “perfect substitutes” in production. Immigration between the two provinces is not allowed, but it is costless for the firms to move between Gaziantep and Trabzon. Describe the new equilibrium in the labor market for natives in each of the provinces using labor supply and demand curves. Explain your reasoning. THE ANSWER SHOULD BE VERY CLEAR AND DETAİLED, THANK YOU!!!
The spatial correlation approach and the structural approach to estimate effects of labour immigration on the receiving country's wage distribution are mutually incompatible (i.e. can not be combined in empricial analysis). True False