Do you believe ALL full time workers should earn enough to afford the cost of living where they live? If not, what work should not earn that much?

In an economy:- NDPFC = $24,000 Million Operating surplus = $11,000 million Mixed income = $5500 million Calculate compensation of employees

How does a competitive industry affect unions?     A. Unions can exercise higher monopoly power.   B. Unionization requires a great deal of effort.   C. Unions focus on geographically distributed producers.   D. Unions focus on national service providers.

The figure on the right shows a hypothetical market for NFL-caliber punters. The NFL will hire punters. Salary($ million per punter) $5.5 $5- $4.5 $4- $3.5- $3- $2.5 Market for NFL-caliber punters $2+ 20 22 24 26 28 30 32 34 Number of punters D 36 $ .00 38

Economics Which of the following statements best describes labor demand? a.   The long-run labor demand is more elastic to wage rate than the short-run labor demand. b.   The labor demand of a firm is more elastic to wage rate than the labor demand of the industry to which the firm belongs. c.   In the short-run, firms have little scope in adjusting capital stock. Therefore, labor demand decisions of firms rest on how the marginal revenue from labor input is compared to the marginal cost of labor input. d.   All of the above.

5. In Chapter 9 of your text, complete Exercise #3 found on page 321. Suppose that you observe that the wages for accountants in your town have gone up and that the number of accountants employed has also gone up. Which one of the following conditions could explain this? Illustrate your answer with a graph and explain in a brief paragraph. a) Businesses are failing, reducing the need for accountants. b) Many accountants are leaving the field in order to train to become financial analysts instead. c) A rash of business scandals has increased the demand for auditing services performed by accountants. d) The local university has just graduated an unusually large group of accountants.