Project #45247 - Economics Discussion Question

These are dicussion questions for a MBA Economics class please answer alluestions and please write excekllent grammer

Session one Discussion 1

Some people have argued that government has a responsibility to assure that wages that are paid are sufficient to offer a standard of living that provides the basic "necessities" of life. Employers typically pay wages based on the number of workers available with the required skills for the job. Thus workers with skills that are required for valuable production tend to get paid higher wages especially when there are not many people who acquire the required skills. Please discuss:

  1. What is your perspective regarding the concept of a required wage rate for workers? Consider current economic events in your answer.
  2. Are there better ways to try to increases the income of workers?
  3. What biblical principles should be applied to this issue?

    Session 1 Discussion 2

     
    Jan 24 at 10:01pm
    No unread replies. No replies.

    Humans often dislike the prices that exist when market forces are allowed to operate. For example, during a cold winter, home heating fuel prices tend to escalate and households face higher usage and higher prices and grumbling begins.Please discuss the following, applying principles from the text/s:

    1. What is the purpose of prices in a market system?
    2. Is there a better way to allocate products?
    3. What are some biblical principles that apply to pricing and allocation of products?

     

Subject Business
Due By (Pacific Time) 10/25/2014 12:00 am
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