Examine the impact on a small country following an outward, Ask an Expert

Economics

Examine the impact on a small country following an outward flow of immigrants that decreases its labor force. Assume that land is specific to agriculture and capital is specific to manufacturing, while labor is free to move between the two sectors. Assume that there is no international trade, and that the prices of the manufactured and agricultural goods do not change.

Determine whether each statement is true or false, then briefly explain why.

(1) The workers who do not immigrate are better off.

(2) The output of the agricultural good increases.

(3) The marginal product of labor increases for the manufacturing industry.

(4) The marginal product of capital increases for the manufacturing industry.

(5) The capital owners become worse off.

(6) The land owners become better off.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720403

Have any Question?Write your Review or question?

Related Questions in Business Economics

Suppose that third national bank has reserves of 20000 and

Suppose that Third National Bank has reserves of $20,000 and check able deposits of $200,000. The reserve ratio is 10 percent. The bank sells $20,000 in securities to the Federal Reserve Bank in its district, receiving a ...

In the course of producing its output this firm causes

In the course of producing its output, this firm causes pollution. The government passes a law that requires the firm to stop polluting, and the firm discovers that it can prevent the pollution by hiring 0.2 workers for ...

Screening test impaired glucose tolerancenot

Screening test impaired glucose tolerance not impaired Positive 17 13 Negative 8 37 A new non invasive screening test is proposed that is claimed to be able to identify patients with impaired glucose tolerance based on a ...

Inverse elasticityimagine youve started a new pizza

Inverse Elasticity: Imagine you've started a new pizza restaurant. It costs you about $3 to produce a pizza. Last week you sold 450 pizzas for $12 each. This week you raised your price and sold 300 pizzas for $16 each. ...

How do bribery and corruption influence the economy

How do bribery and corruption influence the economy negatively? Answer and explain three major impacts.

What type of exchange rate is associated with a higher

What type of exchange rate is associated with a higher probability of experiencing a crisis? Why?

Describe a study you might conduct in which it would be

Describe a study you might conduct in which it would be appropriate to compute a Pearson r(i.e., a study with one group of participants with two scores per participant). Predict if you perceive that the r-value would be ...

A production system has two spares of a critical component

A production system has two spares of a critical component that have average uptime 1/lamba = 1 month. Find the probability that the 3 components (the operating one and the two spares) will last more than 6 months. Assum ...

A child protective service cps worker is calculating the

A child protective service (CPS) worker is calculating the average for the number of children per family in her caseload (N=30). The mean was 95 and the variance was 25. What was the standard deviation?

A certain process is known to produce non-conforming items

A certain process is known to produce non-conforming items 20% of the time. A char- acteristic of the units produced by this process are currently being monitored for quality. Samples of size 15 are selected, and each it ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert