Exam 9: Mobility,Migration,and Efficiency

Following the downturn in air travel following the September 11,2001 terrorist attacks,several thousand highly paid Seattle-based union workers were laid off from airplane manufacturer Boeing.Many of these workers left the Seattle area to accept jobs paying less than their Boeing jobs.What can we conclude from their actions?

Historically,immigrants in the U.S.:

refer to the following diagram, in which Sd is the supply curve of domestic labor, St is the total labor supply curve including the supplies of illegal immigrant workers. L is measured in thousands of workers. -Consider the market depicted in the diagram.If all illegal aliens were deported:

Answer questions on the basis of the following diagram. Assume all migration is costless. -Assume there are initially 1000 workers in country X and 500 workers in country Y.As workers begin to migrate,the total value of output will:

refer to the following information given in the table below. There are initially 28 workers in market A and 63 workers in market B as indicated by the shaded cells. All markets are assumed competitive and there is perfect information and costless migration; jobs in markets A and B are identical in all nonwage aspects. -Given the initial situation,which one of the following may be expected to occur?

refer to the following diagram. Initially, wage rates are WM in Country M and WU in Country U. Subsequent migration results in an equalization of wage rates. -For Country M capital owners,migration causes a collective loss equal to area:

All else equal,a worker is more likely to move if:

The average economic rate of return to migration is estimated to be:

Sam left his job as an auto mechanic to accept a position in his local Sears store as an auto parts salesman.This is an example of:

All else equal,a worker is less likely to move:

Suppose there is an increase in immigration rates of unskilled,illegal aliens.Which of the following is not likely to result?

Answer questions on the basis of the following diagram. Assume all migration is costless. -If wages are initially $10 in country X and $25 in country Y,then we should expect a relative price advantage in country:

In the equation for the net present value of migration,,the term "C" refers to: $V _ { p } = \sum _ { n = 1 } ^ { N } \frac { E _ { 2 } - E _ { 1 } } { ( 1 + i ) ^ { n } } - \sum _ { n = 1 } ^ { N } \frac { C } { ( 1 + i ) ^ { n } } - Z$

Which one of the following is a true statement?

All else equal,a worker is more likely to move:

Which one of the following helps to explain the observed relationship between age and mobility?

Because migration typically involves present sacrifice in order to obtain a greater stream of future earnings,many economists consider migration to be:

In the equation for the net present value of migration,,the term "E₂" refers to: $V _ { p } = \sum _ { n = 1 } ^ { N } \frac { E _ { 2 } - E _ { 1 } } { ( 1 + i ) ^ { n } } - \sum _ { n = 1 } ^ { N } \frac { C } { ( 1 + i ) ^ { n } } - Z$

Older workers are less likely to migrate because older workers:

refer to the following information given in the table below. There are initially 28 workers in market A and 63 workers in market B as indicated by the shaded cells. All markets are assumed competitive and there is perfect information and costless migration; jobs in markets A and B are identical in all nonwage aspects. -After all adjustments to equilibrium take place in this market,the equilibrium wage rate in markets A and B,respectively,are: