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Explain why wage rates might rise at Joe’s Quik-Print Shop if Joe replaces his aging copy

 Explain why wage rates might rise at Joe’s Quik-Print Shop if Joe replaces his aging copy machines with
              state-of-the-art copy machines.

2.              Some careers, such as flight attendants, nurses, and primary school teachers, used to be considered
              “women’s jobs.” Other jobs, such as airline pilots, physicians, and school principals, were traditionally
              considered to be “men’s jobs” and were not generally open to women. If women are allowed increased
              access to the jobs that had traditionally been considered to be “men’s,” explain the effects on wage rates.

3.              Give an example of someone who works in a noncompeting labor market. Explain your
              choice.

4.              Will the imposing of a minimum wage lead to a larger increase in the unemployment rate if the labor
              supply curve is relatively price elastic or relatively price inelastic?

Dec 11 2019 View more View Less

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