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Economics

1. Some city governments require that all city employees live within the city limits. What impact does this have on labor supply and the elasticity of demand for employees of a city with such a requirement?

2. One innovation in railroads has been to eliminate the caboose from trains, cutting train crews from 4 workers to 3. The unions resisted this because of the loss of jobs. Is the concern legitimate? Would removing the caboose cause a decline in total railroad employment? Consider the short-run and long-run effects. What factors does the answer depend on?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91296263

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