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Posted: February 11th, 2022
homework
1. Clarify how markets decide wages and the place this may lead when it comes to earnings outcomes for labor market contributors.
2.
a. What are 5 believable causes that result in a level of earnings inequality?
b. Who does discrimination happen towards within the U.S. labor market?
three. What benefit do employers have over employees throughout bargaining?
four. What do you suppose is an effective that the U.S. has a comparative benefit in producing, and why?
5. What do you suppose is an effective that the U.S. has an absolute benefit in producing, and why is it absolute versus comparative?
6. Numerous employees in the USA financial system earn exceptionally excessive pay. For every of the next kinds of employees, do you imagine the excessive pay is economically justified? Say sure or no, after which clarify why or why not.
CEOs of main companies
Celebrity NFL gamers
Pop music stars
Actual property moguls
Founders of tech firms
Hedge fund managers
Search entries or writer
7. Take into consideration a proposed government-provided healthcare system overlaying everybody in the USA (e.g. “Medicare for All”). Briefly examine and distinction the proposed system with the present system of blended non-public and authorities sponsored healthcare in the USA. Remember to do your evaluating and contrasting when it comes to, and in relation to, course ideas we have now lined:
optimistic externalities;
dwelling wage;
provide, demand, and equilibrium;
worth ceilings; and
some other related course idea you’ll be able to consider.
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