How does the changing sectoral composition of the u.s

Assignment Help Microeconomics
Reference no: EM13323803

1. Some economists studying the effects of the minimum wage law have found that it tends to reduce the employment of black teenagers relative to white teenagers. Briefly explain the economics behind this finding.

2.Some craft unions, such as electricians, restrict the number of workers who can join the union and then negotiate with employers to hire only union workers. Use a demand and supply graph to illustrate the effect of a craft union on employment and wages in an industry.

3.Traditionally, unions have been strongest in manufacturing industries. In the United States,

unionism reached its peak in 1945, and it has been falling since then.

a. How does the changing sectoral composition of the U.S. economy help to explain this trend?

b. Two industries in which, traditionally, unions have been very strong are automobile manufacturing and airlines. Why has union power weakened in these industries?

Reference no: EM13323803

Questions Cloud

What is the value of a share of stock : The free cash flow to the firm is $300 million in perpetuity, the cost of equity equals 18% and the WACC is 16%. If the market value of the debt is $1,000 million and there are 122 million shares outstanding, what is the value of a share of stock?
Provide an equivalence relation among the objects of a class : An equals method is supposed to provide an equivalence relation among the objects of a class. this means that if a, b, and c are non-null objects of the class then.
The stock should be worth : An appropriate required return for the stock is 15%. Using the multistage DDM, the stock should be worth
What is the speed of the arrow as it hits the ork : An arrow is fired from a castle tower at an angle of 40 degrees above horizontal, and with a speed of 62 m/s. What is the speed of the arrow as it hits the ork
How does the changing sectoral composition of the u.s : Some economists studying the effects of the minimum wage law have found that it tends to reduce the employment of black teenagers relative to white teenagers. Briefly explain the economics behind this finding.
Analyse the case study : Question: Analyze the Case Study(shown below), and develop the conclusions, recommendations, and implications in a one to two page APA formatted paper. Use this opportunity to apply concepts from the textbook which is Chapter 5 at Greenberg,J.(2011)...
How much money should be invested in the risky asset : How much money should be invested in the risky asset to form a portfolio with an expected return of 11%?
What is the associated uncertainty : Time standards are now based on atomic clocks. A promising second standard is based on pulsars, what is the associated uncertainty
The invoice price of the bond : If the last interest payment was made 3 months ago and the coupon rate is 2%, the invoice price of the bond will be _________. Choose the closest answer

Reviews

Write a Review

Microeconomics Questions & Answers

  Who will file a lawsuit on behalf of the government

who file a lawsuit on behalf of the government if they believe that a company has somehow defrauded the government Securities and Exchange Commission Occupational Safety and Health Administration False Claims Act corporate philanthropy social audi..

  You woke up in the morning and found a one once

You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you continue to hold to the gold, rather than sell it is..

  Who gains and who loses fro the tariff

If the country imposes a specific tariff of t = 0.5 per unit of imported X, what are the equalibrium price, quanitity produced domestically, quantity consumed domestically, and quantity imported? e. Who gains and who loses fro the tariff? Does nati..

  Is she better or worse off when given a rebate equal to the

Suppose the income elasticity of demand for food is 0.5 and the price elasticity of demand is -1.0. Suppose also that Felicia spends $10,000 a year on food, the price of food is $2, and that her income is $25,000.

  Draw a graph for the market in equilibrium

Select any industry with which you are familiar. Make a graph of this market in equilibrium. Provide 2-examples for industry of conditions which would change supply and two that would change demand.

  Marginal benefit and marginal cost functions

Marginal benefit and marginal cost functions and explicit costs of using market-supplied resources entail an opportunity cost equal to the dollar cost of obtaining the resources in the market.

  Long run costs of the various levels of production

Using the results obtained above, derive a table for the long run costs of the various levels of production of sweaters (10, 20, 30, 40). The table should show: quantity, total cost, average cost and marginal cost.

  Cost curves in perfect competition industry

Catfish farming in Louisiana is a perfect competition market. Hence, customers of catfish are getting their catfish at the minimum cost per unit of manufacturing catfish, and they are very happy.

  Depict the equilibrium situation in the labor market

Depict the equilibrium situation in the labor market using the Wage-Setting and Price-Setting relations and carefully label the graph. Use this model to illustrate and explain what happens to the natural rate of unemployment and real wages

  Terms of fixed and variable costs

If Apple reduced its price for the shuffle, what do you think would happen to their profit? What impact would the price decrease have on their competitors? Explain by considering the elasticity of shuffles).

  Why some people obtain extra education while others do not

Conduct a cost-benefit analysis of obtaining a graduate degree. Assess both the short-term and the long-term costs and benefits to determine why some people obtain the extra education while others do not.

  Calculate the iterest rate that udwellum should pay

Suppose that the goverment of the city of Udellum, wich has a Baa credit ratng issues a bond with the same time to maturity in a market that is just as liquid as the market for corporate bonds. Suppose that investors have a federal tax rate of 30 ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd