Question
1.Suppose that because of the high unemployment rates it the United States, many Mexican-American hotel workers are returning to Mexico. However, Mexico's drug related violence
1.Suppose that because of the high unemployment rates it the United States, many Mexican-American hotel workers are returning to Mexico. However, Mexico's drug related violence made many tourists too scared to go to Mexico for vacation.
a) Illustrate the market for hotel workers in Mexico.
b) What happens to the equilibrium wage and level of employment?
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
