Question: A) Outline the basic predictions from the theoretical model of legal immigration. Summarize the empirical evidence on the effects of immigration on a Canadian economy.
- A) Outline the basic predictions from the theoretical model of legal immigration. Summarize the empirical evidence on the effects of immigration on a Canadian economy. B) The current pandemic resulted many countries including Canada closing their borders. Assume that this measure will have a long run effect on reducing the levels of immigration.Assume that 'stay at home' measures temporarily reduce aggregate demand for goods and services, but the demand will recover faster than immigration. Discuss the welfare implications for welfare of capital owners, high skilled and low skilled workers who currently reside in Canada.
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