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Question on labor economics In a set of 3 diagrams for the US labor market that each have the number of Americans hired(Nb) the horizontal axes and relative wages of blacks and on the vertical axes (Wb/Ww), illustrate the following three about wage gaps, which are based the theory of employer discrimination. (In each case hold human capital constant) Be sure to clearly label and explain your diagrams.
a) Race-related pay gaps will be greater, the greater the share of the black population in a region.
b) Race-related pay gaps will be larger, all else equal, the greater the prejudice of the white employers who hire blacks.
c) Race-related pay gaps are unaffected by the level of the most prejudiced employers, that is, the ones who do not hire any blacks
Assuming no change in hours of work, if real output per hour of work increases by 10 percent, what will be the new levels of real GDP in the right column of A Does the new data reflect an increase in aggregate supply or does it indicate a decrease..
If resources available for human consumption were out of limit, there would be no need for a subject field such as economics. Why do I say this?
1. (a) Using your knowledge of basic market structures, briefly explain the type of market into whichbanana growing industry in Australia falls.
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how do you perceive employment conditions? - Does it seem like we'll have more structural problems in the future?
Identify some factors that led to change in supply or demand within article and explain what occurred to change the demand for, or supply of, the good or service, and market values of thos products or services.
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