Economics For Today
Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Chapter 12, Problem 14SQ
To determine

The impact of law that limits women from dangerous jobs.

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Some economists argue that minimum wage policy does not always lead to the unemployment consequences that are so often predicted. For the sake of argument, grant that this is true. That is, due to the passage of say, a $15 minimum wage in Virginia, no one loses his or her job. Does this prove that minimum wage policy can improve the economic circumstances of unskilled laborers? Why or why not?
a)How the following factors influence the present value of net benefits of migration. i) Transportation costs  b) If the elasticity of demand for type Z workers is -0.5, then an increase of wage rate from $45 to $55 will cause the quantity demanded to fall by _____ percent. c) What is the difference between geographic labour mobility and occupational labour mobility?
If it is not profitable to discriminate, why does discrimination persist? If a country had perfect income equality what would the Lorenz curve look like? Offer one reason why income inequality might increase productivity and efficiency in an economy. Offer one reason why income inequality might reduce productivity and efficiency in an economy. Explain your answers. In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?
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