Assumptions: (1) Employers in this market are willing and able to ignore minimum wage laws; (2) Sd represents the supply of domestic-born (and legal immigrant) workers; (3) Sₜ represents the total supply of workers in this labor market (Sd plus illegal immigrants) ; and (4) unless otherwise stated, illegal immigration is not effectively blocked by the government.The equilibrium wage and level of employment are, respectively,
A) $5.50 and 250,000.
B) $5.50 and 350,000.
C) $8.00 and 350,000.
D) $5.50 and 450,000.
Correct Answer:
Verified
Q101: Which of the following statements is true
Q102: Q103: Q104: Q105: Scholarly estimates of the effects of immigration Q107: Q108: Compensating wage differentials Q109: The estimated fiscal burden of illegal immigrant Q110: Effectively removing all illegal immigrants from U.S. Q111: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
![]()
![]()
A)refer to the wage premium![]()