Resource Markets: Labor - Assessment

Answer the following questions:

1. Consider a career choice, research the amount of education required and the median income for this career. Identify reasons why high school dropouts frequently end up in poverty.

2. List 3 careers that are expected to provide new job openings and explain why. List 3 careers that are expected to experience a decline in job openings and explain why.

3. Explain how entrepreneurial activity is affected by a tax policy that affects income from profits and capital investment.

4. Who is hurt and who is helped by an increase in the legal minimum wage?