Skill-biased Immigration.
(a) Let us consider the immigration dynamics between the United States and Mexico. The minimum wage of the U.S. is $7.25, while that of Mexico is $5.1 in U.S. dollars. Let the return to skills in Mexico be two times of that of the U.S., partly because the U.S. (Mexico) is relatively abundant (scarce) in the availability of skilled workers. In other words, if we plot skills x on the horizontal axis and hourly wage y on the vertical axis, the equations that characterize the return to skills of the two countries are:
yM X = 5.1 + 2x
yUS = 7.25 + x
In this exercise, plot the above equations on a Cartesian plane, clearing labelling your axis, equations, and intersection point. Is there positive or negative selection of immigrants from Mexico to the U.S.? Explain
(b) The northern region of Mexico that borders the U.S. has a higher minimal wage of $8.8 U.S. dollars. Assuming that the northern border area has more supply of skilled workers that lowers its return to skills to one-half of that of the U.S., such that:
y ′ M X = 8.8 + 0.5x
On a new graph, plot the return to skills for the northern border area of Mexico and the U.S. What can you say about the flow of immigrant workers?
(C) Assuming that the U.S. raises the minimum wage to $9, while the minimum wages for Mexico in general and its northern border area remain unchanged. Redo the above exercises and interpret your results
In: Economics
The following information is relevant to the computation of
Charlie Co.’s earnings per share to be
disclosed on Charlie’s income statement for the year ending
December 31, 2020:
2020 net income: $800,000
Common shares activity in 2020:
o Shares outstanding at January 1, 2020: 600,000
o Shares issued on May 1, 2020: 24,000
o Treasury shares purchased on July 31, 2020: 60,000
$5,000,000 face value, 2% 10-year convertible bonds were
outstanding on January 1,
2020. Each $1,000 par value bond is convertible into 20 shares of
Charlie’s common
stock
Charlie’s corporate tax rate is 25%
Charlie has no stock options, stock warrants, preferred stock or
other convertible securities
outstanding in 2020.
Required
Compute Charlie’s basic and diluted earnings per share for
2020.
In: Accounting
The essential job of public health agencies is to identify what makes people healthy and what makes them sick, and then take the steps necessary to ensure that the population encounters a maximum of the former and a minimum of the latter.
Describe a successful public health intervention in your community, city, and/or state. Describe the public health problem.
Discuss the public health intervention/initiative.
Use credible research to detail the intervention success and/or failure.
In: Nursing
a. What would be the annual payments on an 8 percent per annum installment loan of $1,000 with repayment over three years?
b. Write out the amortization schedule for the loan.
c. Now suppose that the payments were to be made on a semiannual basis: what would the semiannual payments be? Assume the 0.08 is a nominal rate.
d. Is the total paid in case (c) less or more than in the former case? Why?
In: Finance
In most hospitals, most laboratory workers are certified technicians and a minority are assistants. Obviously, the salary of the former is much higher than that of the assistants. In an effort to reduce costs, a hospital plans to employ only a quarter of the laboratory staff as certified technicians, the rest are assistants. Explain the effect that the hospital's decision may have on the following variations: materials, labor, and indirect costs. Are you in favor or against the plan of the hospital? Explain
In: Accounting
is investment by investors in one country in companies in other countries by which the investors gain significant management control?
6 According to the textbook, planned socialism would have greater stability compared with the capitalist economy.
True False
Change in planned socialist economies tends to occur slowly. True False
The former systems of the Soviet Union and Eastern Europe were market socialist systems ?True False
In: Economics
Your client was born in Australia but lived in New Zealand for a long period of time. He came to New Zealand for a holiday after finishing university, met up with his former spouse and set up home here. He worked as a police officer in New Zealand. Since separating from his spouse, he moved back to Australia in July 2018 and works as a security contractor in Australia. He maintains a bank account in Australia in which his salary is deposited and receives interest income on a term deposit. He also holds shares in Australian companies and receives dividends. Although he lives in Australia most of the year, he comes to New Zealand frequently to visit his former spouse and his children and lives with them while in New Zealand. He maintains a bank account and owns an investment property in New Zealand.
Required:
Explain with reasons whether your client is a tax resident of New Zealand and whether his contractor income, interest and dividend income from Australia will be taxable in New Zealand. Support your answer with references to the Income Tax Act 2007 and appropriate case law.
In: Accounting
Your client was born in Australia but lived in New Zealand for a long period of time. He came to New Zealand for a holiday after finishing university, met up with his former spouse and set up home here. He worked as a police officer in New Zealand. Since separating from his spouse, he moved back to Australia in July 2018 and works as a security contractor in Australia. He maintains a bank account in Australia in which his salary is deposited and receives interest income on a term deposit. He also holds shares in Australian companies and receives dividends. Although he lives in Australia most of the year, he comes to New Zealand frequently to visit his former spouse and his children and lives with them while in New Zealand. He maintains a bank account and owns an investment property in New Zealand
.Explain with reasons whether your client is a tax resident of New Zealand and whether his contractor income, interest and dividend income from Australia will be taxable in New Zealand. Support your answer with references to the Income Tax Act 2007 and appropriate case law.
In: Accounting
More specifically, according to the Mueller Indictments, how did the Russians use the following entities to their advantage (and to America’s disadvantage) during the 2016 election?
Give an example of each one:
a. Intelligence-gathering to inform U.S. operations
b. Use of U.S. social media platforms
c. Use of U.S. computer infrastructure
d. Use of stolen U.S. identities
In: Psychology
During a certain year, the rate of interest on a British deposit was 12 percent while the same on a U.S. deposit was 8 percent. This motivated a few big U.S. investors to invest in British deposits. However, after a year, the U.S. investors received lower rates of return on the British deposits compared to the U.S. deposits. Explain two possible reasons for this outcome
In: Economics