1) All of the following are reasons for immigration to a foreign country, except
ID: 2429387 • Letter: 1
Question
1) All of the following are reasons for immigration to a foreign country, except that:
the domestic country is economically stagnant.
2) The concept of comparable worth:
is that pay ought to be determined by supply and demand rather than by job characteristics.
3) The following figures show the demand (D) and supply (S) curves of micro and macro economists.
Figure 16.6
In Figure 16.6, assume that the wage rates of the micro and the macro economists are determined by the aggregate demand and supply curves. The levels of employment for micro- and macro economists are _____ and _____ respectively:
90; 50.
4) A wage differential between skilled and unskilled workers exists because skilled workers have higher marginal products than unskilled workers.
False
5) Which of the following statements contradicts an upward-sloping market-supply curve?`
To work more means to enjoy less leisure.
6) If the quantity demanded for labor is more than the quantity supplied, there will be unemployment.
False
7) Which of the following statements is true?
A worker without a college degree initially earns more than a worker with a college degree but the latter surpasses the former in due course of time.
8) Government policies designed to change the distribution of income to one that is more equal involve taking from the rich and giving to the poor.
False
9) The measures of absolute poverty:
are inversely related to the degree of income equality in a country.
10) ?_____ are most likely to be upwardly mobile within the income distribution of a country.
there are religious prosecutions. Macro Ecanomists Micro Economists 9 15- O 10 O 10 0 CO 40 50 60 Quantity Employed 90 100 110 Quantity EmployedExplanation / Answer
Answer 1:
Option C. All of the following are reasons for immigration to a foreign country, except that there is an abundance of employment opportunities in the domestic country. Job opportunities will not lead to immigration to the foreign lands.
Answer 2;
Option C. The concept of comparable worth states that market-determined wages are the only appropriate way in which to allocate pay. There should be no discrimination on the wages paid.
Answer 3:
Option C. The equilibrium level of employment occurs at the point where demand and supply curves of micro and macro economists intersect.
Answer 4:
True. A skilled worker will be able to produce more each unit as compared to unskilled labor and this leads to differential in wages.
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