Jages and Supply and Demand information on how you will be

1. How do we decide how much each person in society should be paid?
Why do some jobs receive high wages while others do not? Do wages
reflect what types of jobs our society values?
2. Analyze how jobs are
affected by supply and demand. In the last five months, we've seen a
lot in the news about supply, demand and unemployment.
Using what you know about supply and demand and labor, explain
how changes in supply and demand couple impact employment and jobs
Please HELP

1. How do we decide how much each person in society should be paid?

The highest paying jobs in society typically have a combination of two factors: 1) they are highly specialized, that is to say, difficult to perform, 2) they have a high demand.

Two examples are: medical specialists, and CEOs.

Why do some jobs receive high wages while others do not? Do wages

reflect what types of jobs our society values?

Jobs that receive higher wages, again, are either more difficult to do, or have a higher demand, or are more scarce.

This does reflect in part what types of jobs our society values, however, not all high paying jobs are well valued, and some low paying jobs enjoy prestige.

2. Using what you know about supply and demand and labor, explain

how changes in supply and demand couple impact employment and jobs

In the current economic crisis, we have seen a reduction in the demand for jobs, because most firms are either selling less, or have simply gone out of business.

This has led to higher unemployment, since many people have been fired and cannot find new places where to be hired.

question: write a report analyzing through articles of confederation.

answer: the articles of confederation the united states constitution was written when the people feared strong government the new nation needed some kind of organization to hold states together to them fend off future attacks and make a stronger support system through the states and people the states bonded through a friendship that best served as a defense against a invasion and states were not allowed to use taxes as a way to discourage treaties, and states were extremely limited in their dealings with foreign nations the strengths were that the congress has the highest power in the nation because of   fear of monarchy congress had the sole power to declare war and assign treaties disputes between states and territorial issues were to be brought to congress and weaknesses were the lack of power given to congress the articles gave congress the power to pass laws but no power to enforce those laws if a state did not support a federal law that state could simply ignore it congress had no power to levy taxes or regulate trade.

explanation: so like every argument they have strengths and weaknesses but in this case there were more weaknesses but they managed o get through it and make an agreement

question answered by

(jacemorris04)