[Solved] Q3. From a classical analysis, what is the impact of a minimum or living wage on unemployment? What are the counterargume

  100% Pass and No Plagiarism Guaranteed

[Solved] Q3. From a classical analysis, what is the impact of a minimum or living wage on unemployment? What are the counterarguments against this, and, is it possible for a minimum wage to reduce unemployment rates?

Economics essay

Questions Note, I may add to these, and am willing to do so if you have any suggestions. However, I will not remove from the list below. Answer one of the following:

Q1. Use economics principles to discuss the role and operation of marketing.

Q2. Apply the concept of diminishing marginal returns to workers: what are the conclusions that you obtain from this with respect to employment practices? What role might training and development have for this problem?

Q3. From a classical analysis, what is the impact of a minimum or living wage on unemployment? What are the counterarguments against this, and, is it possible for a minimum wage to reduce unemployment rates?

Q4. Apply the law of diminishing marginal returns to your studies, what is the implication of this concept to how you should spread your self-study across the modules? What other influences might change this conclusion?

Q5. Apply the concepts of consumer and producer surplus to university education. What innovations/additional resources wouldincreaseyour consumer surplus? Why do you feel that they are not currently provided?

Q6. Pick one of the following markets: Auditing (financial accounts); Banking; Energy firms. In your opinion, what type of market structure do they operate in? What are the problems with this operation?

Q7. Discuss the statement ‘through demand management policies, the government does more harm than good’. What innovations in macroeconomics have occurred in order to try and improve policy?