02 Jun Question 1. Using the Chapter 13 “Origin of Ide
Question
1. Using the Chapter 13 “Origin of Idea” module, identify those who gave us the concepts of “monopsony” and “human capital,” and explain what those terms mean in your own words.
2. In terms of the Supply and Demand for labor, how are the minimum wage and union wages similar and how are they different? Think about the markets for these two and use economic analysis in your answer. Chapter 13 is your guide to this one.
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