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Chapter 9: Q.c - For Critical Thinking (page 198)

Who benefits from the exclusion of skilled foreign workers?

Short Answer

Expert verified

The local population and workforce and the government benefits from the exclusion of skilled foreign workers.

Step by step solution

01

introduction

Skilled labour alludes to exceptionally prepared, taught, or experienced fragments of the labour force that can get done with additional complex mental or actual responsibilities at work. Skilled labour is frequently particular and may require a drawn-out time of preparation and experience.

02

explanation

At the point when the business houses would as of now not have the option to utilize the foreign skilled workforce, then they need to utilize the homegrown labour force, whether they are gifted or untalented. The homegrown labour force would partake in this as the work level will increment. Likewise, the competition with skilled foreign workers would be absent. The government can now guarantee that in light of their approaches, the work level has expanded and would pursue the citizens to decide in favour of them again in the next political decision year. In this way, politically the public authority gets the advantage.

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Most popular questions from this chapter

Consider Figure 9-7, and suppose that we round the rate of growth of per capita real GDP experienced in the European Union between 1981 and 1990 to the nearest full percentage point. Based on the information in Table 9-3, by what percentage would per capita real GDP has increased between 1990 and 2020 if the economic growth rate will have remained at this rounded level?

Consider Figure 9-8. According to rule of 70, about how many years would have been required for US per capita real GDP to double if it had remained at the average level observed between 1961 and 1980 ? Between 2001 and 2017 .?

In the situation described in Problem 9-2, suppose that vocational training during the past year enables the people of this nation to repair all capital goods so that they continue to function as well as new. All other factors are unchanged, however. In light of this single change to the conditions faced in this nation, will the nation's economic growth rate for the current year be negative, zero, or positive?

Since the early 1990s, the average rate of growth of per capita real GDP in Mozambique has been 3percent per year, as compared with a growth rate of 8percent in China. Refer to Table 9-3. If a typical resident of each of these nations begins this year with a per capita real GDP of $3,000per year, about how many more dollars' worth of real GDP per capita would the person in China be earning 10years from now than the individual in Mozambique?

Define economic growth and recognize the importance of economic growth rates.

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