Assignment: Labor Market Research
Due Date: Day 7 (Individual forum)
The first chapter of Principles of Economics 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
Research the labor market for any state to determine how
nursing wages are calculated. Use the Internet for this
Write a 700- to 1,050-word paper, in which you complete the
1) Address which factors may
influence the supply and demand for nurses.
2) Discuss how a nurse’s pay
is determined and how the salary is structured.
3) Discuss what your chosen
state can do to increase the supply of nurses.
4) Describe how
your information relates to Principle #1 and #7. Be specific and
make sure to refer to the principles.
5) Include at least one
appropriately cited and documented quotation to support a
6) Include at least one
appropriately cited and documented paraphrase to support a
Format your paper according to APA
post your paper as an attachment.