Question 1

Approximately what percent of the U.S.population changes residences each year?

Accepted Answer

A) Less than 5% 
B) 5% - 10% 
C) 15% - 20% 
D) More than 25% 
A) Less than 5% 
B) 5% - 10% 
C) 15% - 20% 
D) More than 25%

Question 2

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

Accepted Answer

A) the smaller the wage differential between the destination and the origin 
B) the lower the discount rate 
C) the greater the number of years one expects to remain in the new location 
D) the lower the indirect costs of migrating 
A) the smaller the wage differential between the destination and the origin 
B) the lower the discount rate 
C) the greater the number of years one expects to remain in the new location 
D) the lower the indirect costs of migrating

Question 3

The total net private gain from migration to migrants and their employers:

Accepted Answer

A) is the increase in annual wages resulting from migration 
B) overstates the social gain if there are real external benefits associated with the move 
C) overstates the social gain if there are real external costs associated with the move 
D) understates the social gain if there are pecuniary external costs associated with the move 
A) is the increase in annual wages resulting from migration 
B) overstates the social gain if there are real external benefits associated with the move 
C) overstates the social gain if there are real external costs associated with the move 
D) understates the social gain if there are pecuniary external costs associated with the move

Question 4

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.  
-Migration causes the value of output in Country U to:

Accepted Answer

A) rise by area imj 
B) rise by area kijl 
C) rise by area WUijWe 
D) fall by WU - We 
A) rise by area imj 
B) rise by area kijl 
C) rise by area WUijWe 
D) fall by WU - We

Question 5

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,we expect to find that:

Accepted Answer

A) the total value of output is increased,but economic efficiency is reduced 
B) both the total value of output and economic efficiency are increased 
C) both the total value of output and economic efficiency are reduced 
D) changes in the total value of output and economic efficiency cannot be determined 
A) the total value of output is increased,but economic efficiency is reduced 
B) both the total value of output and economic efficiency are increased 
C) both the total value of output and economic efficiency are reduced 
D) changes in the total value of output and economic efficiency cannot be determined

Question 6

With respect to family earnings,on the average,family migration initially:

Accepted Answer

A) raises the earnings of the primary mover but reduces the earnings of the "trailing" spouse 
B) raises the earnings of wives but reduces the earnings of husbands 
C) raises the earnings of both husbands and wives 
D) reduces the earnings of both husbands and wives 
A) raises the earnings of the primary mover but reduces the earnings of the "trailing" spouse 
B) raises the earnings of wives but reduces the earnings of husbands 
C) raises the earnings of both husbands and wives 
D) reduces the earnings of both husbands and wives

Question 7

Linda quit her job as a loan officer at First Detroit State Bank to accept a similar position at First Minneapolis Savings Bank.This is an example of:

Accepted Answer

A) geographic mobility 
B) occupational mobility 
C) horizontal mobility 
D) vertical mobility 
A) geographic mobility 
B) occupational mobility 
C) horizontal mobility 
D) vertical mobility

Question 8

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 higher rates of capital investment in:

Accepted Answer

A) X relative to Y,eventually resulting in increased labor demand in X 
B) X relative to Y,eventually resulting in reduced labor demand in X 
C) Y relative to X,eventually resulting in increased labor demand in X 
D) Y relative to X,eventually resulting in reduced labor demand in X 
A) X relative to Y,eventually resulting in increased labor demand in X 
B) X relative to Y,eventually resulting in reduced labor demand in X 
C) Y relative to X,eventually resulting in increased labor demand in X 
D) Y relative to X,eventually resulting in reduced labor demand in X

Question 9

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.  
-Migration causes the value of output in Country M to:

Accepted Answer

A) fall by area bgc 
B) fall by area ebcf 
C) fall by area WMbcWe 
D) rise by WM - We 
A) fall by area bgc 
B) fall by area ebcf 
C) fall by area WMbcWe 
D) rise by WM - We

Question 10

Estimates by the U.S.Bureau of the Census suggest that since 1992,total legal and illegal immigration to the U.S.each year has averaged approximately:

Accepted Answer

A) 300,000 persons 
B) 850,000 persons 
C) 4,000,000 persons 
D) 12,000,000 persons 
A) 300,000 persons 
B) 850,000 persons 
C) 4,000,000 persons 
D) 12,000,000 persons

Approximately what percent of the U.S.population changes residences each year?

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

The total net private gain from migration to migrants and their employers:

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. -Migration causes the value of output in Country U to:

With respect to family earnings,on the average,family migration initially:

Linda quit her job as a loan officer at First Detroit State Bank to accept a similar position at First Minneapolis Savings Bank.This is an example of:

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 higher rates of capital investment in:

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. -Migration causes the value of output in Country M to:

Estimates by the U.S.Bureau of the Census suggest that since 1992,total legal and illegal immigration to the U.S.each year has averaged approximately:

Labor Economics: Introduction and Overview

The Theory of Individual Labor Supply

Population, Participation Rates, and Hours of Work

Labor Quality: Investing in Human Capital

The Demand for Labor

Wage Determination and the Allocation of Labor

Alternative Pay Schemes and Labor Efficiency

The Wage Structure

Labor Unions and Collective Bargaining

The Economic Impact of Unions

Government and the Labor Market: Employment, Expenditures, and Taxation

Government and the Labor Market: Legislation and Regulation

Labor Market Discrimination

Job Search: External and Internal

The Distribution of Personal Earnings

Labor Productivity: Wages,Prices,and Employment

Employment and Unemployment

Filters

Exam 9: Mobility,Migration,and Efficiency

Approximately what percent of the U.S.population changes residences each year?

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

The total net private gain from migration to migrants and their employers:

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. -Migration causes the value of output in Country U to:

With respect to family earnings,on the average,family migration initially:

Linda quit her job as a loan officer at First Detroit State Bank to accept a similar position at First Minneapolis Savings Bank.This is an example of:

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 higher rates of capital investment in:

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. -Migration causes the value of output in Country M to:

Estimates by the U.S.Bureau of the Census suggest that since 1992,total legal and illegal immigration to the U.S.each year has averaged approximately:

Labor Economics: Introduction and Overview

The Theory of Individual Labor Supply

Population, Participation Rates, and Hours of Work

Labor Quality: Investing in Human Capital

The Demand for Labor

Wage Determination and the Allocation of Labor

Alternative Pay Schemes and Labor Efficiency

The Wage Structure

Labor Unions and Collective Bargaining

The Economic Impact of Unions

Government and the Labor Market: Employment, Expenditures, and Taxation

Government and the Labor Market: Legislation and Regulation

Labor Market Discrimination

Job Search: External and Internal

The Distribution of Personal Earnings

Labor Productivity: Wages,Prices,and Employment

Employment and Unemployment

Filters