26 Jul WOULD YOU HAVE TAKEN A JOB FOR A SLIGHTLY LOWER WAGE IF ONE HAD BEEN AVAILABLE?
Participate in a discussion with your classmates regarding price ceilings and price floors in the ma Show more Participate in a discussion with your classmates regarding price ceilings and price floors in the market. Review the EYE on YOUR LIFE caption titled Price Ceilings and Price Floors on page 183 in the textbook. Develop your own policy position or approach regarding price floors and price ceilings. Discuss your approach by utilizing the examples in the textbook as follows: Price Ceilings: Discuss whether you think we should continue to have a zero price for using a freeway. Or should we have transponders mounted on the dashboards of vehicles as practiced in Singapore which monitor and track the miles-driven within a city. Is this technique a non-starter for you? Although on the bright-side could you imagine not being stuck in slow-moving traffic again? Price Floors: Discuss whether you think we should continue to have a Government-regulated minimum wage law. Have you wanted a job and been willing and available to work but unable to get hired? Would you have taken a job for a slightly lower wage if one had been available? Show less
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