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Peterson has just completed his study from college and is now a junior member of the staff of a United State senator. He has been asked to draft a statement detailing the senator's position on the economic growth implications of immigration. His research on the topic has uncovered the following facts. First, more than a fifth of scientists actively involved in research at the US universities are immigrants. Second, foreign-born scientists residing in the United States write about 60 percent published research studies in the physical sciences and about 30 percent of research publications in the life sciences. Third, nearly a forth of the founders or chief executives of U.S. biotechnology firms that have become publics companies since the early 1990s were born abroad. Peterson knows that in the past the senator who employs him has generally been opposed to permitting unhindered immigration. Nevertheless, the senator also strongly favors policies that promote economic growth. Peterson's task, given what he has learned, is to compose a draft statement reconciling the senator's two positions.
1. Why might unhindered immigration have uncertain effects on US per capita GDP even though immigrant scientists contribute so much to the nation's stock of knowledge and expertise?2. How might Peterson draw on the insights of new growth theory to draft a position statement ruling out unhindered immigration but proposing greater openness to "targeted immigrants"?
Wednesday the price changed to 1.8275. Compute your profit-loss in USD on Tuesday and Wednesday.
Explain how useful is this demand equation for forecasting demand for the pill slicer in the next five years
D&Z Dry Foods Distributions specializes in the whole distribution of dry goods, such as rice and dry beans. The firm's manager is concerned about an article he read in the morning's Wall Street Journal
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If the government increases the money supply by 50 percent, and velocity of money and real GDP remain constant
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Is the price system a "just" or "fair" way to allocate products: What about medical Services-What are substitution and income effects related to the Law of Demand?
Suppose demand for the firms watches falls permanently to P = 20 - Q/20,000. In view of this fall in demand, what output should the firm produce in the short run? In the long run? Explain.
Select any low income country (or countries) on which you can find data on the following (a web search should yield you the required information)
If the demand for money depends positively on real income and depends inversely on the nominal interest rate, illustrate what would happen to the price level today if the central bank announces.
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