Economists can be college professors or business analysts. If there is an increase in businesses’ need...
Economists can be college professors or business analysts. If there is an increase in businesses’ need for economic analysis,
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a. the wage of economists will tend to decrease. |
. |
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b. colleges will have to pay less money to hire economists as professors. |
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c. more economists will decide to become professors. |
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d. fewer economists will decide to become business analysts. |
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e. All of the above. |
Please answer carefully.
Thank you very much!
Homework Answers
If there is an increase in demand for economists by businesses for working as business analysts, demand for economists as business analysts will increase which will increase their compensation as business analysts. This implies that more economists would now look forward to to work as business analysts and the supply of economists as College professor will decrease. In both the cases there compensation is increased and more and more economist will like to work as business analysts and not as professors.
All the options are incorrect because they all are indicating an increase in the supply of economist as college professors. (The last option should be none of the above).
Add Answer to:
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To complete this activity:
1. Prepare a response to the following discussion prompts, based
on the article: Help the Working Poor, but Share the Burden.(see
attached)
(a) Discuss the costs and the benefits associated with
increasing the minimum wage.
(b) If you were are congressional member and had to vote on an
increase in the minimum wage to say $10 per hour would you? Why or
why not?
Help the Working Poor, but Share...
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Question 3 (1 point) What would happen without the government's protection of property rights? U Businesses would have less incentive to provide goods and services There would be less government regulation of businesses and prices would be lower for consumers. U Taxes would be lower, causing less market inefficiencies U Businesses would have more freedom with production processes Question 4 (1 point) What does inflation cause? incomes to fall productivity to increase the government to lower taxes...
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I ONLY NEED HELP IN SOLVING QUESTION #4, I'VE DONE THE
REST JUST NEED FORMULAS TO #4. PLEASE SHOW WORK, I HAVE TO TURN IT
IN ON EXCEL. THANK YOU.
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