How will each of the following scenarios impact the market for labour The country receives an influx of new immigrants. Impact on demand for labour Impact on supply of labour Impact on wage rate Impact on employment level Choose... Choose... Choose... Choose... <> 44 <> 4)
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- 3.3 W W₁ Given the figure below, answer the questions in the table. O MWC 9₂ 9 9₂ Quantity of sabor 5,- AWC DMRP-VMP Questions/ statements 1. Name the labour market that is represented in the figure above The SL curve is upward sloping, since it represents the entire market (True/ False) 2. 3. The MWC (rises/falls) more rapidly as this is the only firm hiring 4. What is the hiring rule for this market? 5. Suppose this is a perfectly competitive market, at which point would they hire? 6. Where does efficiency loss occur? 7. Where does society loss occur? 8. The MWC is more (elastic/inelastic) than the SL Answers (8)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.For any given job, how do the economy-wide labour market conditions affect aworker’s bargaining power? Explain which labour market variable you would look at toassess labour market conditions.
- Will discriminatory wage differentials persist or are they temporary? OA. If discrimination is due to government laws or the preferences of consumers, then the wage differentials will be permanent for as long as those laws or preferences persist. OB. If discrimination is due to government laws or the preferences of consumers, then the wage differentials will be temporary OC. If discrimination is due to government laws, then the wage differentials will be temporary. If discrimination is due to the preferences of consumers, then the wage differentials will be permanent for as long as those preferences persist. OD. If discrimination is due to government laws, then the wage differentials will be permanent for as long as those laws persist. If discrimination is due to the preferences of consumers, then the wage differentials will be temporary.Explain how the wage can adjust to balance thesupply and demand for labor while simultaneouslyequaling the value of the marginal product oflabor.Otherthingsbeingconstant,howwillthefollowinginfluence the hourly earnings of employees? Explain your answer. The employee must work the midnight to 8:00 a.m. shift. The job involves split shifts (work three hours, off two hours, work three additional hours, and so on). Theemployerprovideslow-costchildcareservicesonthe premises. The job is widely viewed as prestigious. The job requires employees to move often from city to city. The job requires substantial amounts of out-of-town travel.
- Pls 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.In the context of a perfectly competitive model of the labour market, an increase in technologythat raises the marginal product of labour at any given level of employment would be expected, inequilibrium, toa) reduce the amount of labour required to produce a given amount of output and hence increaseunemployment.b) shift the labour demand curve outwards and lead to an increase in employment and wages.c) have no effect upon labour supply or labour demand curves and hence have no impact onemployment or wages.d) reduce the supply of labour to the market and result in an increase in wages but a fall inemployment Why the correct answer is B?Equilibrium in the lobour market depends on the demand for labour and the supply of labour. Graphically demonstrate how the supply of labour in the US is affected by th eincrease in the labour force resulting from Mexican immigrants. What other factors tht can cause the labour supply curves to shift?
- How each of the following situations will affect labour demand, i.e. if it will cause amovement along the labour demand curve or a shift (state left or right) in the labour demandcurve. i) An increase in the minimum wage. ii) An increase in the efficiency of labour. iii)refer to the following diagram. Suppose that all other nonwage aspects of the jobs in fhese two markets are identical. We would expect labor supply in B to increase if there are better prospects for advancement in A True of False. ExplainThe backward-bending supply curve for labour exists- (A) Only in inflationary conditions doid W (B) Wherever income effect overcomes substitu- tion effect basmob ar C, lagual