General and specific training, Business Economics


(a) Suppose the government decides to implement a minimum wage to help low-income workers. How will the minimum wage affect the demand for labor and what does this imply about the success of the government's initiative?

(b) Explain the effects of a minimum wage on monopsonised markets.


Briefly write on the following (each carries equal marks)

  • General and Specific Training
  • Determinants of Migration
  • Causes of Fringe Benefit Growth
Posted Date: 11/21/2013 5:44:28 AM | Location : United States

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