Consider an Economy Where Population Increases, Which in Turn Causes

question 97

Essay

Consider an economy where population increases, which in turn causes both the demand for goods and services and the supply of labour to increase.
a. In a labour supply and demand diagram, analyze the effects of the increase in population on the equilibrium wage and employment.
b. What happens to wage and unemployment if a minimum-wage law exists?

Appreciate the nuance between different types of shares and their attributes.

Analyze the process and implications of incorporating a business.

Recognize the importance and process of maintaining a corporation's compliance with legal requirements.

Distinguish between broadly held and closely held corporations and understand their characteristics.