Answered step by step
Verified Expert Solution
Question
1 Approved Answer
interpret this quote relating to impact of immigration in the economy U.S. consumers also benefit to the extent that immigrants drive down the cost of
interpret this quote relating to impact of immigration in the economy
"U.S. consumers also benefit to the extent that immigrants drive down the cost of goods and services which use a lot of low-skilled labor, such as house hold production (maids and nannies).10% increase in immigration lowered the price of "low-skilled intensive" goods and services by 1%. "
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started