Reference no: EM13151702
The Minimum Wage Dilemma
Now that you have learned about the labor market and wage determination, think about the implications of minimum wage laws. Then, post a response to the following:
1. Do you think the minimum wage law is an economically efficient means of reducing household poverty? Why or why not?
2. What are some other ways that might be more efficient for this purpose? Suggest two or three viable measures.
Union Actions and the Labor Market
Unions exert a powerful influence on the labor market, affecting both demand and supply, and thereby the wage rate. After reading about the influence of labor unions, post a response to the following:
1. From an economic perspective, are unions efficient or otherwise? Give reasons for your answer.
2. What objectives do unions serve? Are there other, more economically efficient, methods to achieve these objectives? What might those methods be?
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Equal total payments of accrued interest
: American Eagle borrows $90,000 cash by signing a four-year, 5% installment note. The note requires four equal total payments of accrued interest and principal on December 31 of each year from 2009?
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Why scientific method is used in medicine
: Why scientific method is used in medicine? What characteristic or property of experimental design is the most crucial for medical research?
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Compute the kgh of wet cake feed needed to produce
: Calculate the kg/h of wet cake feed needed to produce 1000 kg/h of "dry" ?sh cake product.
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Analyzing a balance sheet and measuring profitability
: Amazon.com's financial statements in Appendix A at the end of this book reveal some interesting relationships. Answer these questions about Amazon.com:
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What objectives do unions serve
: What objectives do unions serve? Are there other, more economically efficient, methods to achieve these objectives? What might those methods be?
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Traditional view of managing quality
: How might a manufacturing system differ under a quality-based view versus the traditional view of managing quality?
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Can you give an economic rationale for this approach
: directly to patients, who then would be free to choose their health care providers. Whether or not you agree, can you give an economic rationale for this approach to governmental health care funding?
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Test claim that music has no effect on memorization skills
: 70 people received a higher score on the second test, 13 a lower score, and 1 received the same score. At the 0.05 significance level, test the claim that the music has no effect on memorization skills.
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What is the inbreeding coefficient for the offspring
: What is the inbreeding coefficient for the offspring of a) a full sib mating, b) an uncle/niece mating, c)1st cousing mating? Explain why such close inbreeding in a generally outbred population may lead to decreased fitness.
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