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Unemployment Rates and Human Capital
Why might an increase of the minimum wage in the
United States impact unemployment rates? How might earning a college degree
increase lifetime earnings and employability? Relate your answer to
elasticity of labor demand. Fully support your position in at least 200
words. Respond to at least three of your classmates’ postings.
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Answer question #1 on chapter 8,
page 201 of the text: "'No firm is completely sheltered from rivals; all
firms compete for consumer dollars. If that is so, then pure monopoly does
not exist.' Do you agree? Explain." In one to three pages, fully
explain your answer in a way that shows your understanding of “monopolies.”
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Oligopolies
What is an “oligopoly” and why do they exist? List 3
or 4 oligopolies whose products you own or regularly purchase. What
distinguishes oligopoly from monopolistic competition? Fully support your
position in at least 200 words. Respond to at least three of your classmates’
postings.
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Corporations
What major advantages of corporations have given
rise to their dominance as form of business organization? Fully support your
position in at least 200 words. Respond to at least three of your classmates’
postings.
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Answer question #4 on Chapter
4, page 100 of the text: "You are chairperson of a state
tax commission responsible for establishing a program to raise new
revenue through excise taxes. Why would elasticity of demand be important to
you in determining the products on which the taxes should be
levied?". In one to three pages, fully explain your answer in a way that
shows your understanding of “elasticity of demand.”
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