Why do people earn different amounts of wages, Public Economics

Assignment Help:

Question 1:

i) Describe the concept of circular flow of income.
ii) Comment on the view that ‘GDP is the best measure to evaluate economic growth and standard of living'.
iii) What is economic growth? Identify and comment briefly on the possible contributors to economic growth.

Question 2:

i) Why do people earn different amounts of wages?
ii) Define productivity and illustrate carefully how firms can raise the productivity of labour.

Question 3:

Write briefly on any three of the following.

i) Human capital.
ii) Wage price spiral.
iii) Collective bargaining.
iv) Monetary Policy.
v) The backward bending supply curve.


Related Discussions:- Why do people earn different amounts of wages

Green accounting, Normal 0 false false false EN-IN X-...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

How state should intervene through government apparatusin, Why and how the ...

Why and how the State should intervene through government apparatusin the economic sphere of the country, has been a significant discourse in economicsfor long. According to one th

Environment economic, A dam is proposed on a stretch of wild river, a river...

A dam is proposed on a stretch of wild river, a river that is currently used for recreation. The dam will generate electricity. The dam will have a useful life of 50 years, after w

Collectivist enforcement, The coordination problem relates us to not only t...

The coordination problem relates us to not only the levels of activities like research and developments (R&D) and investments but also to the behaviour of institutions that charact

Summary of natural resource economics, Normal 0 false false ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Public debt, what are the principles of public debt?

what are the principles of public debt?

Model with stock effects, Normal 0 false false false EN...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Show the redistribution policy, Q. Show the Redistribution Policy? We k...

Q. Show the Redistribution Policy? We know that despite policy interventions the disparity of income has been increasing in nearly all the countries. United States is highly un

Public policies, Part I. We have examined federal public policies in the c...

Part I. We have examined federal public policies in the context of the democratic political system in the US.     Types of policy legislation/behavior fall into 3 main types. A

Write Your Message!

Captcha
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