Monthly Archives: November 2013
30 days
hardest thing 1. having less money 2. not have having furniture 3.by not having a vehicle 4. phone bill 5.not getting enough money for the bills they made. could of done different 1. save some money up 2. see if … Continue reading
minimum wage
the highest minimum wage : Washington, Oregon,Vermont,Nevada,Connecticut,Illinois. By highlighting the need to increase the federal minimum wage in his State of the Union address, President Obama breathed new life into a critically important issue. Wages for U.S.
wealth of nations
1. by if you are rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniences, and amusements of human life. 2. labor is related to wealth because you work to be able to … Continue reading
shortage
1.the price will go up if we have a shortage 2.by how much that grows of that product. it will be low. that would not be a problem
living wage
minimum wage- the lowest wage permitted by law or by a special agreement (such as one with a labor union). living wage-a wage that is high enough to maintain a normal standard of living. the difference between the to is that … Continue reading
chapter 10 section one assessment
1. government intervention and supply 2.it shows equilibrium 3.it shows disequilibrium 4.rent control 5.minimum wage 6. a) it will cause a shortage b)make more profit
price ceiling/price floor
price ceiling -a maximum price that can legally be charged for a good or service. price floor -the lowest price allowed for certain goods or services. free market equilibrium because of the supply and demand.
marginal product of labor
1.marginal product of labor is the changes of out put from hiring one additional unit of labor. 2. because of how many more workers you start hiring at one time. 3. because how many they fire and they have to … Continue reading
stock update
this is my worst one ko , wal , hsa and thats all the stocks i have. have more stocks or just keep the ones i already have.
essential question
how do people decide what to sell? If you try to decide which products or services to sell based on selling price alone, you may have a difficult time making a profit.That’s because a high selling price, by itself, doesn’t … Continue reading