Refer to the given figure and assumptions. Assume initially that government does not effectively block illegal immigration. If the government then finds a way to prevent all illegal immigrants from working in this labor market:
Assumptions: (1) Employers in this market are willing and able to ignore minimum wage laws;
(2) S d represents the supply of domestic-born (and legal immigrant) workers; (3) S t represents
the total supply of workers in this labor market (S d plus illegal immigrants); and (4) unless
otherwise stated, illegal immigration is not effectively blocked by the government.
A. 10,000 domestic-born workers will gain employment at the expense of 20,000 illegal
immigrants.
B. 20,000 domestic-born workers will gain employment at the expense of 20,000 illegal
immigrants.
C. 10,000 domestic-born workers will gain employment at the expense of 70,000 illegal
immigrants.
D. 10,000 domestic-born workers will gain employment at the expense of 50,000 illegal
immigrants.
A. 10,000 domestic-born workers will gain employment at the expense of 20,000 illegal
immigrants.
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An increase in the price of cameras results in a decrease in the demand for film. The two products are
a. complements. b. unrelated. c. demand elastic d. substitutes
According to Keynesian theory, a decrease in government expenditures would be a proper fiscal policy during
A. an inflationary gap. B. a recessionary gap. C. a natural disaster. D. none of these.