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Discussion Questions
1. Who were the immigrants who came to the US from 1880 to 1921? Were they mostly EC457/857 The Huddled Masses: "The Immigrant in American Society 1880-1921" by Alan M. Kraut for reference male or female? Were they middle age or young? (p. 17) How did those immigrating change after 1900? Why did American immigration officers often refer to these immigrants as "birds of passage?"
2. According to Kraut, before 1850, the process of emigrating was casual, and documentation haphazardly kept. Later in the century, immigration officials became more concerned with protecting American from the potential dangers that immigrants might bring. Discus the evolution of immigration laws in the late 19th and early 20th centuries and who they were intended to prevent from coming to the US.
Recall the Application about the decrease in the price of wool in the 1990s to answer the following question(s). In the 1990s, the world price of wool decreased by about 30 percent and prices have remained relatively low since then. In 2012, an organ..
If the Fed raised the reserve requirement, the demand for reserves would
For what values of a and ß does this production technology exhibit diminishing marginal products of capital and labor?
Madison has two residents: Sam and Ryan. Both love to drive. Each resident’sutility depends positively on the weight of his own car (Wr or Ws) and the totalamount of a public good, snow removal, purchased in the town. Speci?cally,both residents i hav..
Aggregate Supply curve shows the relationship between the price level and the real GDP supplied in an economy.
A city engineer and economic development director of Buffalo are evaluating two sites for construction of a multipurpose sports arena. At the downtown site, the city already owns enough land for the arena. However, the land for construction of a park..
A small consulting engineering company bought an office building for $900,000. The company has eight engineers and eight support staff. Monthly expenses for for salaries, utilities, grounds maintenance, etc., are $110,000. Use an average billing rate..
Briefly discuss any two differences in the market structure that Coles belongs to with the market structure Monopolistic Competition.
Explain the effect/direction (in the short run) their policy decision would have on
Suppose two firms compete by choosing quantities and that neither of them sees the other’s quantity before having to commit to its own production level. Inverse market demand is given by p(Q) = 100 − 2Q, where Q is industry quantity. What are the equ..
china raises reserve requirementsthe peoples bank of china the countrys central bank raised the reserve requirements of
Consider the market for makers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of a meeker is $32. Suppose that the world price for a meeker is $24. Meekertownian consumers are better off under free t..
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