Using a graph, show how each of the following labor markets (assumed to be competitive and...
Using a graph, show how each of the following labor markets (assumed to be competitive and initially in equilibrium) is affected by the following changes. Explain your reasoning fully
a. Labor market for math and science teachers.Wages available in private industries utilizing these skills rise.
b. Labor market for university professors. College enrollments
expand.
c. Labor market for low-skilled workers. The 1996 federal welfare
legislation requires that a much larger fraction of welfare
recipients work than in the past.
Homework Answers
(a) Supply of labor in academic industry fall, since teachers move to private industries being attracted by higher wage offered by private sector. Therefore, in academic industry, labor supply curve shifts to left and in private industry, labor supply curve shifts to right.
(b) Higher college enrollments will increase the demand for labor in university professors' labor market. The labor demand curve will shift to right, raising wage rate and equilibrium quantity of labor.
(c) Supply of low-skilled workers will rise, because welfare recipients mostly comprise lower-educated workforce. Labor supply curve shifts to right, decreasing wage rate and increasing quantity of labor.
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Using a graph, show how each of the following labor markets
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What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
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According to the article (pictured below), why are people in
Shenzhen not worried about Trump's threat of bringing back jobs
from China? Your answer should focus on the culture and
socialization in China.
SHENZHEN, China-U.S. President-elect Donald Trump's threat to compel Apple Inc. and others to manufacture more at home should strike fear into this Chinese megacity where many of the world's high-tech gadgets are made. Once a sleepy village, Shenzhen today is the sprawling epicenter of China's consumer-electronics industry,...
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I need Summary of this Paper i dont need long summary i need
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some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
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