Consider a wide range of careers

Assignment Help Business Economics

Reference no: EM137623

Q. Assume that all young women were channeled into careers as secretaries, nurses, as well as teachers; at the same time, young men were encouraged to consider these three careers as well as many others as well.

a. Draw a diagram showing the combined labor market for secretaries, nurses, as well as teachers. Draw a diagram showing the combined labor market for all other fields. In which market is the wage higher? Do men or women receive higher wages on average?

b. Now Assume that society changed as well as encouraged both young women as well as young men to consider a wide range of careers. Over time, what effect would this change have on the wages in the two markets you illustrated in part (a)? What effect would the change have on the average wages of men as well as women?

Reference no: EM137623

Questions Cloud

What tax revenue will be generated. : Illustrate that the tax be acceptable in spite of the deadweight loss. What tax revenue will be generated.

Discuss and list the three discounted cash flow methods : An alternative to traditional equity and debt financing is leasing. Leasing is undertaken primarily for what purposes.Examine two major types of leases.

Elucidate what affect does a high level of inflation : How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.

Illustrate the new budget constraint : If you calculated correctly, you found that a decrease in the price of books caused Alexandr to purchase more movies as well as more books. How can this be.

Consider a wide range of careers : Assume that society changed as well as encouraged both young women as well as young men to consider a wide range of careers.

Fema creates several mechanisms for communicating : The Federal Emergency Management Agency (FEMA) creates several mechanisms for communicating with the public. Read Are You Ready? An In-depth Guide to Citizens Preparedness on the FEMA website, and watch the series of videos on preparedness that are i..

Number of boat makers in the long run : What happens to the profits of boat makers in the short run. What happens to the number of boat makers in the long run.

The inside diameter of a 3-inch stainless steel tube : A 10 kg batch of food product has a moisture content of 175% dry basis. Calculate the amount of water to be removed from the product to decrease the moisture content to 15 percent wet basis.

Upstream wholesaler with monopoly pricing power : Assume that this cost is set by an upstream wholesaler with monopoly pricing power.

User Account

All Pages