1. Choose a profession for which the annual income is higher than the U.S. median household income. Why might this job pay more than the median? How could productivity, the law of supply and demand, and international competition and technology affect wages for this job?

(5 points)

Score

Choose a profession for which the annual income is lower than the U.S. federal poverty line. Why might this job pay less than the poverty line? How could productivity, the law of supply and demand, and international competition and technology affect wages for this job?