How do the characteristics of immigrants influence the effects of immigration on the receiving country? What are the implications for the receiving country government policy toward immigration?
What will be an ideal response?
POSSIBLE RESPONSE: The types of immigrant workers will affect certain groups in the receiving country. For example, less-educated, less-skilled immigrants will compete for jobs against less-skilled native workers, further reducing their already low wages. The type of immigrants admitted will also affect the net fiscal benefit or burden of immigration. More- educated, more-skilled immigrants have higher earnings, pay larger taxes, and are less likely to use public assistance. In addition, highly skilled immigrants will enhance knowledge benefits. Based on these considerations, one can make an economic argument that a receiving country should tilt its immigration policy toward admitting young, educated, and skilled immigrants. For example, Australia, New Zealand, Britain, and Canada use point systems to screen applicants.
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The marginal product of labor is calculated using the formula
A) ?Q/?L. B) Q/L. C) L/Q. D) ?L/?Q.
Exhibit 6-9 Cost schedule for firm X OutputQuantity Total FixedCost Total VariableCost 0 $100 $ 0 1 100 50 2 100 84 3 100 108 4 100 127 5 100 150 As shown in Exhibit 6-9, the total cost of producing 4 units is:
A. zero. B. $227. C. $250. D. $100.