ECON 190 Economics|Economists Bitcoin

40 Pages

MOD003327 Economics for Business

Course

MOD003327

Type

Assignment

Subject

Economics

University

Anglia Ruskin University

12 Pages

ECO2103-Macroeconomics

Course

ECO2103

Subject

Economics

University

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Season

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13 Pages

EC4505 Advanced Macroeconomics

Course

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Type

Home Work

Subject

Economics

University

University of Aberdeen

Season

fall

ECON 190 Economics

Question

Answered

Minimum Wage Laws May Cause Structural Unemployment.What is it that holds wages artificially high? Sometimes, the government is responsible. Take, for example, minimum wage laws. Most countries around the world have passed such laws […] The minimum wage helps poorer people who are working afford basic necessities, but it may also cause businesses to hire fewer workers. Make a graph to illustrate the market for labor supply, labor demand and the equilibrium wage. Use the graph in (A) when wage is set artificially high given minimum wage laws. Do minimum wage laws cause business to hire fewer workers? Bitcoin was invented in 2008 by a mysterious figure who called himself Satoshi Nakamoto. […]. The Economistreports that bitcoins have three properties that are desirable in a currency: They are limited in supply, easy to verify, and hard to earn. What are the three most important functions for Bitcoins to be a money? A number of economists do not see bitcoins as a money. For example, Paul Krugman summed up the consensus of these economists in the New York Times: “[Bitcoin is] a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology." Do you agree or disagree with Paul Krugman? Explain Minimum Wage Laws May Cause Structural Unemployment.What is it that holds wages artificially high? Sometimes, the government is responsible. Take, for example, minimum wage laws. Most countries around the world have passed such laws […] The minimum wage helps poorer people who are working afford basic necessities, but it may also cause businesses to hire fewer workers. Make a graph to illustrate the market for labor supply, labor demand and the equilibrium wage. Use the graph in (A) when wage is set artificially high given minimum wage laws. Do minimum wage laws cause business to hire fewer workers? Bitcoin was invented in 2008 by a mysterious figure who called himself Satoshi Nakamoto. […]. The Economistreports that bitcoins have three properties that are desirable in a currency: They are limited in supply, easy to verify, and hard to earn. What are the three most important functions for Bitcoins to be a money? A number of economists do not see bitcoins as a money. For example, Paul Krugman summed up the consensus of these economists in the New York Times: “[Bitcoin is] a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology." Do you agree or disagree with Paul Krugman? Explain

ECON 190 Economics

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