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Tpy6a [65]
3 years ago
6

Y = F(K,L) = A K1/2L1/2 The data for this economy is A=10, K0=200 and the initial population is L0=200. We will assume that ever

yone in this country works so that population equals employment and per-person GDP equals per-worker GDP. Note that each worker starts off with one unit of capital to work with. We will analyze the short-run effects of an inflow of immigrants into the economy. It is short-run effects because we will keep the stock of capital fixed at its initial value. Suppose that in 2018 the economy receives a large inflow of immigration that increases the labor force by 10% to L1=220. To answer the following questions, draw diagrams on paper for the labor market and for the capital market. Make sure you label your axes and curves carefully. Label the initial equilibrium as point A. Now shift the appropriate curves and draw the short-run equilibrium and label it as point B. In the labor market the supply shifts to the _____________; and the demand shifts to the _______________.

Business
1 answer:
ollegr [7]3 years ago
7 0

Answer:

In the labor market the supply shifts to the right; and the demand remains the same.  

Explanation:

Employees offer labor; they supply the labor market. And employers request labor; they demand labor. The labor prices are wages and the quantity is the labor quantity (shown in the figure attached).

First, the labor market was at equilibrium in point A. After the immigrant inflow, there is more people who wants to offer labor, this will lead to an increase in the labor supply. In the labor demand and supply graph, the supply curve will shift to the right. The new equilibrium is represented by point B. There is no change in demand because in the short run immigrants will represent more people who wants jobs, in the long run maybe some of those immigrants will create firms that will demand labor.

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What is the purpose of checks and balances in the constitution?
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Consider the relationship between the AE curve and the AD curve. A rise in the amount of desired​ consumption, investment, gover
Rudiy27

Answer:

The response options are:

B) real national income and AE.

C) AD and real national income.

D) the price level and desired consumption.

E) the price level and the equilibrium level of demand-determined national income.

The correct answer is: E) the price level and the equilibrium level of demand-determined national income.

Explanation:

Aggregate demand is the total planned or desired expenditure in the economy as a whole in a given period. It is determined by the aggregate price level and by factors such as investment, public spending and money supply.

COMPONENTS OF THE ADDED DEMAND:

Consumer expenses of domestic economies. It is the main component of aggregate demand.

Investment expenditure of companies or domestic economies. It refers to the increase in the physical capital stock, including the accumulation of stock of companies.

Purchases of goods and services for public service. Component

important, includes, for example, national defense expenses, salaries of officials, infrastructure, construction, etc.

Foreign demand (international trade). They are net exports exports - imports). It is a component of the total demand for the goods of an economy. The trade flows of a country are an engine that drives the economy to better product levels.

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Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of
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You are concerned about a matter that has federal implications and is tremendously important in your city. You would like
Fittoniya [83]

Answer:

An example of a bill title could be

"A Act concerning the safety of public spaces"

Explanation:

If you're taking the time to write a bill then you must be concerned about a public issue so you would ask a member of congress (a representative or senate) to see to it that the bill is drafted.

The Bill is drafted by parliamentary draftsmen, who are lawyers skilled in drafting Bills. They ensure that the Bill is clear and unambiguous (unambiguous meaning that the bill is addressing a particular issue and the bill is clear and concise).

Steps in introducing a bill

(1) Creating the Bill

Members of the House of Representatives introduce or sponsor a bill after the bill has been drafted by parliamentary craftsmen. For the house of Representatives, the representative clerk assigns a number to the bill and for the senate a senate clerk assigns a number to the bill.

(2) Commitee Action

A committee is assigned to study the bill after it has been introduced. Commitees are assigned according to their functions , for example if a bill is about fire outbreaks, the committee in charge of fire hazards is assigned to look into the bill. Often a committee will refer the bill to one of its subcommittees. The subcommittee may request reports from government agencies. Experts and interested parties have an opportunity to offer testimony regarding the issue.

After all these are done, the full committee may make a recommendation to pass the bill, to revise (i.e., mark up) and release the bill, or to lay the bill aside (also known as tabling the bill).

(3) Floor Action

If the Bill is recommended to be marked up and released The bill is then returned to the full House of Representatives or Senate for further deliberation and approval. Here, members involved may propose amendments to the bill, add additional any relevant text, or otherwise alter the bill slightly.

(4): Vote

House of Representatives or Senate members vote on their respective versions of the proposed bill.

(5) Conference Committees

A bill must be approved by both Chambers of Congress (The House of Representatives and the Senate).

If the Senate has ammended and passed a bill that the House of Representatives has previously passed or vice versa, the two Chambers begin to resolve any legislative differences between the House of Representatives and Senate versions of the bill by having a conference committee.

When the chambers go to conference, the House and Senate send representatives to bargain and negotiate.

The final compromise is drafted or written in a Conference Report that must have been agreed to by both chambers before it is cleared for presidential consideration.

(6) Presidential Approval

After the bill is passed by both Chambers it is sent to the President for his approval (the president approves by signing the bill). If the Bill is, it becomes a Public Law.

When a President comments on but refuses to sign a bill it becomes a vetoed bill.

A vetoed bill is either rejected or it returns to Congress (The House of Representatives and Senate) for reconsideration.

If the President does not act within 10 days the bill automatically becomes law.

If the President does not sign the bill and the Congress does not act during the 10 days after the bill is sent to the President, the bill is automatically vetoed.

When the last scenario happens, it is known as a pocket veto.

(7) The Creation of a Law

The Public Law is assigned a number by the Office of Federal Register and the Government Printing Office prints a copy of the law.

Laws are issued first in slip form or a single publication. Later it is organized in the order in which it was passed. Finally, it is filed into subject order so that all laws concerning the same topic fall together.

A regular obstacle most bills pass through would be the inability to pass stage 2 ( ie the bill is tabled). This usually happens when an already existing bill solves the stated issue or the stated issue isn't really an issue. For this to be prevented, do research on your bill to see if laws are already in place and check if your bill would cause harm or be detrimental to the general public.

Your bill becomes a statue (a statue is a written law passed by the goverment as opposed to a verbal law or normal/expected code of conduct or a social norm).

For a bill to be cited -

Include:

The name of the bill (and if relevant), the abbreviated name of the regulatory body (either the house of Representatives or the senate H.R. or S.),

The number of the bill,

The number of the Congress, and

The year of the law's publication.

7 0
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