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please draw graphs and show work 2. Assume that the wage-skill locus in the origin country (W-SKo) is WO=5+15SKO and the wageskill locus in host
please draw graphs and show work
2. Assume that the wage-skill locus in the origin country (W-SKo) is WO=5+15SKO and the wageskill locus in host country (WSKH) is WH=15+10SKH. Draw a negative selection graph using skill levels 1, 2, and 3. (Note: Start at 1, NOT 0, on your horizontal axis.) On your graph, show the number of people who migrate to the host country (M2) and the number of people who stay in the home country (S2). Also, calculate the exact wage (W2) and exact skill level (Sk2) where their choices change and write these on your graph. Be specinit. (25 points) 3. Assume that the wage-skill locus in the origin country (W-SKo) is WO=90+20SKO and the wageskill locus in host country (WSKH) is WH=70+25SKH. Draw the corresponding positive selection graph, using skill levels 3, 4, and 5. (Note: Start at 3, NOT 0, on your horizontal axis.) On your graph, show the number of people who migrate to the host country (M3) and the number of people who stay in the home country (S3). Also, calculate the exact wage (W3) and exact skill level (Sk3) where their choices change and write these on your graph. Be specific. (25 points) 4. Using your graphs in questions 2 and 3 , draw a frequency distribution graph with a simple bellshaped curve and shade in the areas to represent the populations that migrate based on relative wages between countries and the skill level of potential migrants. ( 20 points) 5. On your graph in Question 2 (do NOT draw a new graph), show what happens when the wage in the origin country (O) decreases by $2 at each skill level. On your graph, show the number of people who migrate to the host country (Ms) and the number of people who stay in the home country (S5). Also, estimate the exact wage (W5) and skill level (Sk5) where their choices change and write these on your graph. Be specific. (10 points) 6. On your graph in Question 4 (do NOT draw a new graph), show what happens the frequency of people who migrate when the wage in the origin country (O) decreases by $2 at each skill level between 1 and 3 Step by Step Solution
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