Consider Figure 9.2. Policies that permit Mexican workers to freely migrate to the United States would likely be resisted by: Select one: O O O O a. U.S. capital owners b. Native U.S. workers c. U.S. capital owners and native U.S. workers d. Neither U.S. capital owners or native U.S. workers
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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 givenThe nation of Ectenia has 20 competitive appleorchards, all of which sell apples at the world priceof $2 per apple. The following equations describethe production function and the marginal product oflabor in each orchard:100100 2 ,2 5 25 2Q L LMPL Lwhere Q is the number of apples produced in a day,L is the number of workers, and MPL is the marginalproduct of labor.a. What is each orchard’s labor demand as a functionof the daily wage W? What is the market’s labordemand?b. Ectenia has 200 workers who supply their laborinelastically. Solve for the wage W. How manyworkers does each orchard hire? How much profitdoes each orchard owner make?c. Calculate what happens to the income of workersand orchard owners if the world price doubles to$4 per apple.d. Now suppose that the price is back at $2 perapple but a hurricane destroys half the orchards.Calculate how the hurricane affects the income ofeach worker and of each remaining orchard owner.What happens to the income of Ectenia as a whole?An oconomy has two sectors, Sector 1 and Soctor 2. For simplicity, assumo both sectors only uso labor In production, and labor Is homogeneous. Lot MPL = marglnal product of labor, APL = averago product of labor, (WIP) = real wage, the most officlont allocation of labor for this economy happens when (note: a subscript danotos the sactor, o.g., (WIP), is the real wage pald in Sector 1) O A. (W/P)1 = AP4 and (W/P)2 = APL2 OB. (W/P)1 APL1= (W/P)2 APL2 OC (W/P)1 = MPL1 and (W/P)2 = MPL2 O D. (W/P)1 = MPL1 = (W/P)2 = MPL2 %3D
- Recentily, Swedish companies have outsourcad manufacturing labor previously performad by Swedish workers at $22 per hour to U.S. workers who receive a wage rate of $11 per hour. All of the following will be the effacts of Swedish manufacturing-labor outsourcing except OA U.S. wages will increase. OB. Swedish wages and employment will tal. OC. Swedish wages will rise and employment will fal. OD. U.S. employment will increase.If the quantity of labor supplied is less than the quantity of labor demanded, then we can expect: O interest rates to decrease O wages to decrease O interest rates to increase O wages to increase Previous Next » W ASUS 15 7 8Suppose 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)?
- The nation of Ectcnia has 2.0 competitive apple or--chards, all of which sell apples at the world price of$2 per apple. 11,c following equations describe theproduction function and the marginal product of laborin each orchard:Q =IOOL - L2Ml'L = 100 - U,where Q is the number of apples produced in a day,Lis the number of workers, and MPL is the marginalproduct of labcr.a. What is each orchard's labor demand as a functionof the daily wage W? What is the mar ket's labordemand?b. &:tenia has 200 workers who supply their labcrinelastically. Solve for the '""gc W. How manyworkers docs each orchard hire? How much profitdocs each orchard owner make?c. Calculate what happens to the inoome of workersand orchard owners if the world price do ubles lo$4 per a pple.d. Now suppose the price is back a l $2 per apple,but a hurricane d estroys hall the orchards. Calcu•late how the hurricane affects the income of eachworker and of each remaining orchard owner.Wl,at happens to the income of Ectcnia as…Consider an economy with two labor markets—onefor manufacturing workers and one for serviceworkers. Suppose initially that neither is unionized.a. If manufacturing workers formed a union, whatwould you expect to happen to the wages andemployment in manufacturing?b. How would these changes in the manufacturinglabor market affect the supply of labor in themarket for service workers? What would happento the equilibrium wage and employment in thislabor market?The diagram provides supply and demand curves for a competitive labour market it a labour union negobates the wage to W, in an otherwise competitive labour market OA employers will hire L, labour OB. employers will here labour at the level higher than L OC. the supply of labour will stay the same OD equilibrium will occur at W, and L OE the demand for labour will stay the same 0 Wage Rate W₁ Quarnty of Labour Supply Demand
- You are given the following different technologies for producing 100 metres of cloth. 10 8 C 1 1 2 5 6 7 8 9 10 4 Number of workers Select one or more: O a. Technology C dominates technology A. O b. Technology D is more labour-intensive than technology C. O c. Technology A is the cost-minimising technology at all prices of coal and wages. O d. Technology C can sometimes be a cheaper technology than A. Tonnes of coal 43The figure shows the U.S. supply of labor curve. What would be the effect on the labor supply curve of U.S. policies that restrict immigration? O A. A rightward shift of the supply of labor curve O B. A movement downward along the supply of labor curve from a point such as A to a point such as B O C. A movement upward along the supply of labor curve from a point such as C to a point such as B O D. A leftward shift of the supply of labor curve OE. None of the above answers are correct because there would be no change in the supply of labor curve. Real wage rate (2009 dollars per hour) 100 75 50 25 0 100 LS + 400 200 300 Labor (billions of hours per year)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.