Assignment: Principles ofEconomicsfor Accountants
The effects of immigration on the United States economy
Access the article from the Wharton School of the University of Pennsylvania at the URL given above and read it carefully. Based on your reading, answer the questions in the spaces below. Use full sentences in your own words but do not use more space than is given here.A word limit is given in part (b).Other references are not necessary. Marks are shown and total [15].
(1) (a) The article claims that, "immigrants are often imperfect substitutes for native-born workers." However, that does not stop many Americans from being concerned that immigrants will cause their wages to fall. Suppose that the authors of the article are wrong and that native-born and migrant workers are very similar, at least in the market for low-skilled workers. Use simple supply and demand analysis to illustrate the concerns of native-born workers. [Complete the diagram and use the space at the top of page 2 to explain it.]
(b) In 250-300 of your own words, explain why the analysis that you have presented in (a) is, according to the article,not correct. [Your answer should focus on these points: (1) Whether native-born and migrant workers are similar, as claimed in the question. (2) The possibility of an effect on the demand side as well as the supply-side effect. (3) The evidence presented in the article. References are not required.]
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.