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Question: You are watching a debate about immigration on public television with a friend. The participants represent two camps-organized labor and corporate industry. Organized labor argues against open immigration while U.S. industry argues in favor of more open immigration Your friend says, "I can't believe that these two groups can't get together on this issue. Both firms and workers join forces to produce our industrial output. I would think that their interests would be similar. Maybe a better arbitrator could help these groups find a position on immigration that would satisfy both groups."
If there were open immigration, what would happen to the value of the marginal product of labor and the wage?
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Suppose the sum of consumption, investment, and government spending is $620 billion, where investment includes involuntary inventory accumulation of $2 billion in addition to expenditure on plant and equipment, and government spending includes $5 bil..
Suppose production function for burritos at Chipotle is Q =4k^1/2 L^1/2.They currently own 4 units of capital and are not able to change this during the short run. The rental rate of capital is $10 and the wage rate is $20. What is Chipotle’s short r..
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economist joseph schumpeter who taught at harvard from 1932 until his death in 1950 popularized the term creative
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Suppose all iPod owners consider only two options for downloading music to their MP3 players: purchase songs from iTunes or copy songs from friends' CDs. With these two options, suppose the weekly inverse market demand for the Rolling Stones' song..
explain the difference between absolute advantage and comparative advantage. which is more important in determining
What is the deadweight loss resulting from this government action - What is the opportunity cost of producing a jacket in country B?
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