Question
1- Country A is a leading exporter of fabric. In the past, the large labor force that produces the fabric has included many children. Under
1- Country A is a leading exporter of fabric. In the past, the large labor force that produces the fabric has included many children. Under international pressure, Country A now outlaws the use of child labor. Using economic theory in its positive mode, analyze what would happen to employment and wages in the fabric industry in Country A after this law passed. Use a supply and demand curve plot in your analysis.
2- Suppose that prisons have historically required inmates to perform cooking and cleaning jobs within the prison without pay. Now, suppose that new laws allow prisoners to obtain paid jobs to produce goods in a factory within the prison, while the cooking and cleaning jobs are now outsourced to external paid workers. What do you think would happen to the technologies used for cooking and cleaning after this change? Why?
3- In 1942, the US implemented regulations prohibiting the sale of garments by workers who sewed, stitched, and knitted in their homes. If these prohibitions were removed so that businesses could buy clothing made in factories or by independent workers in their homes, what effect would this have on the labor demand curve for factory workers in the clothing industry?
4- Do you think the following state true, false, or uncertain? Why? "If a married woman's husband gets a raise, she tends to work less, but if she gets a raise, she tends to work more."
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started