Describe socioeconomic status

Assignment Help Microeconomics
Reference no: EM133564461

Assignment:

The first potential challenge I will describe is socioeconomic status. Hutchison (2019, p.261) informs us that college students heading into the workforce from low-income families are more challenged due to finding a foothold in the labor market. They carry the stress of high student debt with them, making it hard to concentrate on other stressors. Hardaway et al. (2009) stated in the article that those who grow up poor earn less income, complete less schooling, and may be over three times more likely to be poor as an adult, and for African- Americans, overcoming childhood poverty appears to be especially difficult. This social and economic challenge could be due to not having transportation due to finances and having to rely on finding jobs near low-income housing or close to bus stops.

 

 

Reference no: EM133564461

Questions Cloud

Explain the wine experiment : From the book Think Like a Freak chapter 2, explains the wine experiment. What made this an experiment? What were the findings?
Role of social media in e-commerce : Discuss the role of social media in e-commerce. According to Henderson (2020), social media has about 59% of online users.
How do you theorize impact of government intervention : How do you theorize the impact of government intervention and its influence on free market principles?
What rate of interest does accountant expect you to earn : Your accountant tells you that if you can continue to earn the current interest rate on your balance of $500 for nine years, you will have about $1000.
Describe socioeconomic status : Economic challenge could be due to not having transportation due to finances and having to rely on finding jobs near low-income housing or close to bus stops.
What is a critical appraisal of utility of the accelerator : What is a critical appraisal of the utility of the Accelerator, Tobin's Q, and neoclassical investment theories in explaining and driving investment in Zambia.
Component of firm estimated price provides largest impact : Identify which component of the firm's estimated price (NBV, EVA terms, or TV) provides the largest impact. Can you explain why?
What challenges stand in the way of economic growth : According to Smith, where does the division of labor come from? What challenges stand in the way of economic growth, in Smith's view?
Indifferent between buying a home and renting an apartment : How the house purchase price that would make them financially indifferent between buying a home and renting an apartment.

Reviews

Write a Review

Microeconomics Questions & Answers

  To calculate the firm''s total revenues change

You are the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y.

  Inconsistency model without economic shocks

Consider the time inconsistency model without economic shocks. Assume that the social cost of inflation so that the marginal social cost of inflation . Assume

  How much will you save it interest payments

You have been shopping around for a student loan and you have seen some wide variance between interest rates. You need to borrow $30,000 for 4 years.

  The budget surpluses-series of budget deficits

Why did the budget surpluses in 2000 and 2001 give to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?

  What will be the new equilibrium quantity

Consider a market for a good where the demand and supply curves are as follows, where P is the price per unit and Q is the quantity. Say that in this market there is an increase in population that results in the quantity demanded at every price do..

  Evaluate the relaxation in credit standards

Futon Company has been reviewing its credit policies. Evaluate the relaxation in credit standards that Futon is considering.

  Identify and explain one law enforcement event

identify and explain one law enforcement event where intelligence information sharing has resulted in a successful joint operation leading to an arrest.

  What is the firm''s equilibrium level of labor utilization

A firm operating in a competitive market has the following production function Q = 10L - L2 ,If the firm's output sells for $10 per unit and it pays $40 per unit of labor, what is the firm's equilibrium level of labor utilization?

  Write the internal controls which must be in effect solely

you have been engaged by central savings and loanassociation to audit its financial statements for the year ended

  Explain why is some degree of monopoly power permitted

Why is some degree of monopoly power permitted? Based on what you read, do you think Google is a harmful monopoly that should subject to U.S. anti-trust action?

  Explain type of market in which your product will compete

Explain the type of market in which your Caterpillar selected product will compete, along with an analysis of competitors and customers.

  Despite economists support of market approach to environment

Despite economists' support of a market approach to environmental policy, the command- and-control approach continues to dominate the policy of most nations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd