Discussion 1
Demand for Labor and Minimum Wage [WLOs: 1, 2] [CLOs: 1, 2, 3, 4]
Prior to beginning work on this discussion, read Jared Bernstein’s article, Amazon’s Raise: Unequivocally Good News (Links to an external site.)Links to an external site..
Based on the article’s information and Chapter 12 in your textbook, respond to the following:
Why is the demand for labor called a derived demand?
In the labor market, what are the firm’s demand curve for labor and the workers’ supply curve of labor?
How is a firm’s wage normally determined in the labor market?
How could Amazon decide to raise its minimum wage to $15 per hour, despite the federal minimum wage being fixed at $7.25 per hour?
What are positive and negative effects of Amazon raising its minimum wage to $15 per hour on its employees, total revenue, and other companies and their employees?
Your initial post should be a minimum of 300 words.
Discussion 2
Public Choice and Rent Seeking [WLOs: 4, 5] [CLOs: 1, 4, 6, 7]
Prior to beginning work on this discussion, read Tim Worstall’s article, One Benefit of Nancy MacLean’s Democracy in Chains – Public Choice and Rent Seeking Popularised (Links to an external site.)Links to an external site..
Based on the article’s information and Chapter 14 in your textbook, especially Sections 14.1 and 14.2, respond to the following:
What is the public choice idea or theory?
Explain what rent seeking is.
How can you combine the ideas of public choice and rent seeking?
Choose one real-world example of combining public choice and rent seeking to evaluate.
Your initial post should be a minimum of 300 words.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more