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Q1. Why did Professor Williams invest extra resources to make this class an efficient one? He could have received the similar pay for doing considerably less work. Why didn't you assign the amount of resources essential to earn an A in this class?

Q2. Give a detail analysis to each of the given:

a) Evidence of sex discrimination lies in the fact that median annual earnings of women are just 59 % of male earnings.

b) Professor of Economics, Betty J. Watson, of the College of Notre Dame in Baltimore stated, in reference to the minimum wage, it is more significant to focus on creating the jobs. Black youth have to deal with racism and lowering the wage is not going to help them in finding jobs.

(The Cincinnati Enquirer, November 23, 1986).

c) Assess: A jet plane can fly from New York to the Los Angeles three hours faster than the propeller driven plane. Which is more proficient? describe why?

Q3. Assess the given: The laws of supply and demand can’t apply to the labor market as labor is not a commodity to be bought and sold similar to machines.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M910134

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