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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 nurses.
·
Research the labor market for any state to determine how nursing
wages are calculated. Use the Internet for this research.
·
Write a 700- to 1,050-word paper, in which you complete the
following:
o
Address which factors may influence the supply and demand for nurses.
o
Discuss how a nurse’s pay is determined and how the salary is
structured.
o
Discuss what your chosen state can do to increase the supply of nurses.
o
Describe how your information relates to Principle #1 and
#7. Be specific and make sure to refer to the principles.
o
Include at least one appropriately cited and documented quotation to
support a point.
o
Include at least one appropriately cited and documented paraphrase to
support a point.
·
Format your
paper according to APA standards.
Post your paper as an attachment.
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