Background and Pedagogical Rationale: This assignment emphasizes precise thinking and language. Students are often insensitive to or unaware of the distinction often made between “nominal” and “real” values: For instance, the distinction between “nominal” and “real” Gross Domestic Product (GDP) or, likewise, between “nominal” and “real” wages.
In order to receive a good grade on this assignment, students need to be sensitive to –and be able to explain—long run changes in the “nominal” and “real” value of the minimum wage. It is imperative that the student is able to describe/explain what is “going on” with changes in the minimum wage.
As a simple exercise in quantitative writing, the emphasis is tightly focused on tracking and explaining changes in data or a specific variable.
LEARNING OBJECTIVES:
Practicing and mastering the skill of quantitative writing
Emphasizing and describing long run changes in an economic variable
Interpreting graphical and/or tabular data
Practice in data gathering related to a specific economic issue
TASK:
You are tasked with the responsibility of writing a brief "note" on trends in the minimum wages. Overall, you are expected to describe what's going on with the minimum wage in the United States: Has it increased? Has it increased during some time periods but decreased in others? What's the demographic profile of persons earning the minimum wage in the United States? What explains the difference between trends in the nominal and real value of the minimum wage? Your "note" must include a graph that displays and compares trends in the nominal and real value of the minimum wage. Your "note" need not be longer than 2 pages but should certainly be no shorter than one page.
EVALUATION:
Grammar and style
Usage of credible source for data
Inclusion of a graph
Accurate description of what "story" is being told by graph
References relevant chapter in text
https://www.coursehero.com/study-guides/wmopen-microeconomics/
(module 12 – labor markets)
We are a professional custom writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework.
Yes. We have posted over our previous orders to display our experience. Since we have done this question before, we can also do it for you. To make sure we do it perfectly, please fill our Order Form. Filling the order form correctly will assist our team in referencing, specifications and future communication.
1. Click on the “Place order tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
2. Fill in your paper’s requirements in the "PAPER INFORMATION" section and click “PRICE CALCULATION” at the bottom to calculate your order price.
3. Fill in your paper’s academic level, deadline and the required number of pages from the drop-down menus.
4. Click “FINAL STEP” to enter your registration details and get an account with us for record keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
5. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.
Need help with this assignment?
Order it here claim 25% discount
Discount Code: SAVE25