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Labor Markets: Crash Course #28

Last updated almost 6 years ago

8 questions

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Question 1

1.

What is voluntary exchange?

Question 2

2.

What is derived demand?

Question 3

3.

How are wage discrimination and monopsony are related?

Question 4

4.

Why would employers offer higher than normal wages? What is a good example of this in modern history?

Question 5

5.

Why do people join unions?

Question 6

6.

What is the minimum wage and why is it controversial?

Question 7

7.

Should Cristiano make 20 million a year? Could he make more?

Question 8

8.

Do you know anyone who has experienced wage discrimination? If so what happened?