homework

1. Explain how markets determine wages and where this can lead in terms of income outcomes for labor market participants.

2. 
a. What are 5 plausible reasons that lead to a degree of income inequality?
b. Who does discrimination occur against in the U.S. labor market?

Don't use plagiarized sources. Get Your Custom Essay on
homework
Just from $13/Page
Order Essay

3. What advantage do employers have over workers during bargaining?

4. What do you think is a good that the U.S. has a comparative advantage in producing, and why?

5. What do you think is a good that the U.S. has an absolute advantage in producing, and why is it absolute as opposed to comparative?

6. A number of workers in the United States economy earn exceptionally high pay. For each of the following types of workers, do you believe the high pay is economically justified? Say yes or no, and then explain why or why not.
CEOs of major corporations
Superstar NFL players
Pop music stars
Real estate moguls
Founders of tech companies
Hedge fund managers
Search entries or author

7. Think about a proposed government-provided healthcare system covering everyone in the United States (e.g. “Medicare for All”). Briefly compare and contrast the proposed system with the current system of mixed private and government subsidized healthcare in the United States. Be sure to do your comparing and contrasting in terms of, and in relation to, course concepts we have covered:

positive externalities;
living wage;
supply, demand, and equilibrium;
price ceilings; and
any other relevant course concept you can think of.

Calculator

Calculate the price of your paper

Total price:$26
Our features

We've got everything to become your favourite writing service

Need a better grade?
We've got you covered.

Order your paper

STAY HOME, SAVE LIVES. Order your paper today and save 15% with the discount code FLIX