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$6.00 Assignment Labor Market Research ECO 305
Found in Economics: General-EconomicsChapter 1, # 0
Q:This is the detail of the Assignment
Assignment: Labor Market Research
In the first chapter of the text we discussed the 10 principles of economics. Two principles that
help explain how wages are determined in a market economy are #1, People Face Tradeoffs, and
#7, Governments Can Sometimes Improve Market Outcomes (Mankiw, 2004). Consider these
principles when completing your assignment. Think of how they apply to the labor market for
nurses.
• Due Date: Day 7 [Individual] forum
• Research the labor market for any state to determine how nursing wages are calculated.
Use the Internet for this research.
• Write a 700- to 1,050-word paper in APA format, in which you:
o Cite the state and the URL of the Web site used in your research.
o Discuss which factors could influence the supply and demand of a nurse’s position.
o Discuss how a nurse’s pay is determined and how the salary is structured.
o Discuss what your chosen state can do to increase the supply of nurses.
• Post your paper as a Microsoft© Word attachment.
