🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
1
answer
0
watching
190
views
1 Nov 2020

6. By devoting more resources to keeping illegal immigrants from crossing the U.S.- Mexico border, the U.S. has caused

a. Increased illegal immigration

b. Increased taxes to be collected from legal immigrants in the U.S.

c. Immigrants to be exploited by those who offer to help them cross the border.

d. Wages in Mexico to rise.

Booster class
Microeconomics
Skill
Understanding Immigration
Watch
1
answer
0
watching
190
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Raushan Raj
Raushan RajLv8
1 Nov 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

1. Professor Gordon Hanson has a favorable view of illegal immigration because

Select one:

a. illegal immigration responds to the forces of the free market.

b. legal immigration is determined by a bureaucratic process which does not necessarily respond quickly to market forces.

c. spouses and children of skilled legal immigrants (who come with them) may not have marketable skills - so the case for legal immigration is weakened.

d. all of the above.

2. Gordon Hanson calculates gain/loss due to Mexican migration to the United States. He shows that because of Mexican migration to the United States:

Select one:

a. Original American workers lose 65% of US GDP.

b. Original American workers lose 1% of US GDP.

c. World income goes up by about 1.2% of US GDP.

d. Mexican wages fall by 0.03% of US GDP.

3. The Bracero Program refers to a temporary work visa program which is no longer in place. Under the program a large number of mostly Mexican farm workers could come and work in the Unirted States.

Select one:

True

False

4. This question may require some research. The US-Mexico Bracero Program was eventually opposed by:

Select one:

a. President Ronald Reagan.

b. Governor Rick Perry of Texas.

c. Cesar Chavez.

d. US Employers.

5. Which of the following is likely to contradict Samuel Huntington's idea that Mexican migrants to the US may not have an "Americano dream?"

Select one:

a. Mexican-American consumption pattern is not too different from the consumption pattern of rest of America.

b. Mexican immigrants who come from Mexican villages take longer to assimilate, but the educated Mexican immigrants assimilate readily.

c. Latinos are quite adept at climbing out of poverty. Sixty-eight percent of those who have been in this country 30 years, own their own homes.

d. A large number of Mexican-Americans join the US Army.

e. All of the above.

6. Which of the following would be called "Distributive Coalition" that prevents free entry and thereby creates deadweight losses?

Select one:

a. Racism

b. Casteism

c. Religious Fundamentalism

d. All of the above.

7. Which of the following events created a large number of refugees to the United States?

Select one:

a. The North Korean Famine of 1996

b. The Irish Potato Famine 1845-1850

c. The Chinese Famine 1958-1962

d. The Sudan Famine 1998

8. Approximately how many people in the world die every hour from hunger, malnutrition and starvation?

Select one:

a. 36

b. 3600

c. 3.6

d. 1000

9. According to Michael Clemens, World GDP would increase by 50% or more if inter-country immigration restrictions were removed.

Select one:

True

False

10. What is the current status of Senate Bill S. 744 (113th US Congress of 2013 - 2014) also known as Border Security, Economic Opportunity, and Immigration Modernization Act?

Select one:

a. It failed in the US Senate

b. It failed in the US House of Representatives.

c. Although the S 744 passed in 2013, it has not yet been introduced in the House of Representatives.

d. The bill was passed by the US Congress, but President Obama vetoed it.

11. In a country called George-David (named after George Borjas and David Card), the labor demand curve is given by: W = K – 4L

where W is the wage rate, K is a variable determined by capital stock in the country, and L is the labor force in the country.

K is created by capitalists and capitalists always convert 10 percent of their income to add to the stock of K (assume there is no depreciation).

Example: In this period if K is 60 and in this period, capitalists’ income is 100, in the next period, the value of K will be (old K + 10% of capitalists’ income in this period) = (60 + 0.10*100) = 70.

**

Suppose in period 1. K = 50 and the labor supply is 10. What is the capitalists' income in period 1?

Select one:

a. 200

b. 100

c. 300

d. None of the above.

12. Refer to the question above, What are capitalists' incomes in the next three periods? (Period 2, Period 3 and Period 4) in this country if labor supply remains the same at 10?

Select one:

a. 200, 210, 220

b. 200, 200, 200

c. 100, 200, 300

d. None of the above.

13. Refer to the question above. Show how the wages change in the next three periods (Period 2, Period 3 and Period 4) in this country if labor supply remains the same at 10.

Select one:

a. 10, 10, 10

b. 10, 20, 30

c. 30, 50, 70

14. Refer to the question above. What are the incomes of the capitalists’ in the next three periods (Period 2, Period 3 and Period 4) in this country if an immigration takes place and labor supply becomes 11 beginning Period 2?

Select one:

a. 200, 240, 280

b. 242, 242, 242

c. 202, 234, 256

d. None of the above.

15. Refer to the question above. What are the wage rates in Period 2, Period 3 and Period 4 in this country if an immigration takes place and labor supply becomes 11 beginning Period 2?

Select one:

a. 10, 10, 10

b. 10, 15, 20

c. 20, 23, 27

d. 25, 28, 31

e. None of the above.

1. In which market will a company arrange to receive currency for a transaction at a future date?

Select one:

a. the forward market

b. the currency futures market

c. the arbitrage market

d. the forward spot market

2. The U.S. dollar is overvalued and the peso is undervalued in the foreign exchange market

Select one:

a. if a visitor to Mexico from the United States can buy more goods in the United States
than he can buy in Mexico when he converts dollars to pesos.

b. if a visitor to Mexico from the United States can buy the same amount of goods in
Mexico as he can buy in the United States when he converts dollars to pesos.

c. if a visitor to Mexico from the United States can buy more goods in Mexico than he can
buy in the United States when he converts pesos to dollars.

d. if a visitor to Mexico from the United States can buy more goods in Mexico than he can
buy in the United States when he converts dollars to pesos.

3. Given the following data (t is current time; t+1 is time after one period)

Et = ¥ 110 = $1

Et+1 = ¥ 95 = $1

Current Interest rate in the US = iUS= 8%

If the interest parity condition is expected to hold, interest rates in Japan (iJapan) should equal approximately:

Select one:

a. 3.38%

b. 8%

c. -5.64%

d. None of the above.

4. Suppose the Japanese interest rate is I% while the interest rate in Britain is 3%. Interest rate parity predicts that relative to the Japanese Yen,

Select one:

a. the British pound will depreciate by 4%.

b. the British pound will appreciate by 2%.

c. the British pound will depreciate by 2%.

d. the British pound will appreciate by 4%.

5. Suppose the U.S. grows more slowly than Canada. The best medium term prediction is that the

Select one:

a. U.S. interest rates will rise.

b. U.S. dollar will appreciate against the Canadian dollar.

c. U.S. dollar will depreciate against the Canadian dollar.

6. Purchasing Power Parity (PPP) implies that

Select one:

a. In the long run, a forward exchange rate can purchase an interest rate swap for the same
price as the spot rate.

b. In the medium run, a forward exchange rate can purchase an interest rate swap for the
same price as the spot rate.

c. The short run, a given amount of money can buy the same amount of goods, whether
they are purchased at home or abroad.

d. the long run, a given amount of money can buy the same amount of goods, whether
they are purchased at home or abroad.

7. The current account balance will fall if

Select one:

a. the real exchange rate depreciates and disposable income goes up

b. the real exchange rate appreciates or disposable income goes up

c. the real exchange rate depreciates or disposable income goes down

d. the real exchange rate appreciates and disposable income goes down

8. A person who paid $10 for an umbrella in the U.S. sees the exact same umbrella in a store in London, England for 6 British pounds. If the person could expect the real exchange rate to be 1 U.S. umbrella per 1 English umbrella, then the person could infer that the nominal exchange rate is

Select one:

a. 0.6 U.S. dollars per 1 English pound.

b. 1.67 U.S. dollars per 1 English pound.

c. 0.6 English pounds per I U.S. dollar.

d. 1.67 English pounds per 1 U.S. dollar.

9. A U.S. wine merchant travelling in France has found a French wine of the same quality as a U.S. wine they regularly sell. She assumes that the real exchange rate should be 1 case of U.S. wine equals one case of French wine. The French wine merchant will sell her a case of the French wine for 350 euros. She knows that a case of the equivalent U.S. wine sells for $400. The euro is selling in France for $1.20. Assuming transportation costs are zero, the U.S. wine merchant should

Select one:

a. buy the French wine and sell it in the U.S. and make a profit.

b. buy the U.S. wine and sell it in France and make a profit.

c. It doesn't matter either way; there is no profit in the deal.

d. None of the above.

10. In a fixed exchange rate system, how do countries address the problem of currency market pressures that threaten to lower or raise the value of their currency?

Select one:

a. If demand falls, then countries must increase demand by buying up the excess supply
with domestic currency.

b. If demand rises, countries must fill the excess demand for foreign currency by selling
their reserves.

c. If demand rises, then countries can adjust the value of the exchange rate to the desired
level.

d. A and B only.

1. Howard needs to buy a laptop computer to start online university courses. The price at the local computer store is $650. The identical computer is available at one online site for $605 and another site, for $622. All prices include the appropriate sales tax. The accompanying table indicates the typical shipping and handling charges for the computer ordered online.

 Shipping method

Delivery time

Charge

   Standard shipping

3 - 7 days

$13.99

  Second-day air

2 business days

$18.98

  Next day air

1 business day

$23.98

a. Define opportunity cost in economic terms.

b. In this situation, what are the opportunity costs of Howard choosing to buy online instead of at the local computer store? Note that if you buy the computer online, you must wait to get it.

c. Show all of the relevant choices for Howard.

d. What determines which of these choices Howard will choose?

 

 

2. During the improving economic conditions of 2015 and early 2016 much additional construction of homes and condos throughout much of the U.S. took place. This provided a significant increase in the income of workers in the construction trades. Many of the construction workers were immigrants and have family and relatives in other countries. Often these workers would send part of their income to their less fortunate relatives in their old country, especially in Mexico and some of the South American countries.

a. Which of the economic principles best describes this situation?

b. Using the principle you have selected, describe the chain of events that best explains how increased spending for U.S. home and condo construction is likely to affect the performance of the economies of these South American countries.

 

 

3. From June 2008 oil was at a high of $144.78 per barrel. During the period from April 2011 until July of 2014, the price of oil hovered between about $115.32 per barrel and about $105.22 a barrel. Then, starting in August 2014 oil began a precipitous fall in price from the $105.22 to $33.62 a barrel in January 2016. Although the U.S. has great amounts of oil that can be brought out of the ground by fracking, by the beginning of 2016 many of the workers in the U.S. oil exploration and drilling industry were out of work and tremendous amounts of oil exploration equipment was sitting in the equivalent of used car lots to be sold.

a. Which of the economic principles best describes this situation?

b. Using the principle you have selected, describe the chain of links that best explains how the falling international oil prices caused U. S. workers to be laid off and available U.S. oil to be left in the ground.

 

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in