Micro Economics Question

Learning Goal: I’m working on a micro economics writing question and need an explanation and answer to help me learn.

-apa citation


-Requirements for the assignment

  1. This assignment should be completed in essay format.
  2. It should include an introductory paragraph with a thesis statement, a body, and a concluding paragraph.
  3. It should be at least 1,000 words in length.
  4. It should cite the course text and at least two academic articles.
  5. The articles should be identified using the “Ask a Librarian” function
  6. Include a copy of your Ask a Librarian chat transcript with your paper, following the References page.
  7. Your answers should be free of spelling and grammar errors.
  8. Please follow APA format.
  9. Please cite your sources by using in-text citations. You must also include a reference list.


How are wages determined in the U.S.? What are the most significant trends in wages over the past five years? Your answer should address the following:

  1. Demand for labor
  2. Minimum Wage legislation
  3. Role of Unions
  4. Outsourcing of jobs

Key points to be addressed in the paper:

  • Determinants of the demand for labor at the firm and market levels
  • What causes the demand curve to shift
  • Consequences for the wage rate
  • The effect of minimum wage legislation on market equilibrium
  • Effect on demand and wage rate of outsourcing jobs
  • Role of unions in wage determination – direct and indirect
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