Refer to the given figure and assumptions. How many illegal immigrant workers will be hired at equilibrium?
(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. 200,000.
B. 250,000.
C. 350,000.
D. 450,000.
A. 200,000.
You might also like to view...
An increase in the Consumer Price Index indicates that
a. the real income of households is increasing. b. the purchasing power of the dollar is increasing. c. the cost of buying the typical bundle of goods consumed by households is increasing. d. the real net worth of consumers is increasing.
Refer to the following table:
The optimal level of activity is:
A. 2 B. 3 C. 4 D. 5 E. There is no optimal level in this case because marginal benefit does not equal marginal cost at any of the activity levels.