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week 5 cehckpoint ECO - shift the labor supply up because...

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The city of employment chosen is Bowling Green, KY. This city is growing rapidly and it needs to have a bus system in place. There are more factories opening up on the out skirts of the city and the only way to get to them is by car. There should be a city bus system that goes everywhere within the city. With this bus system in place, more residents in Bowling Green, KY can get a job. This would make unemployment go down and business would have enough employees to help run the day-to-day operations. There should be a low cost to get on the bus, like $1.25 one way or be able to get a monthly pass. This would
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Unformatted text preview: shift the labor supply up because there are more people employed and cause the demand in labor to go down because there are less people collecting unemployment checks to get by. This should balance out the equilibrium labor market because more people are being able to get to work with the use of the new bus system. The money for this new bus system would go to the day-to-day activities of running the buses and generate revenue for the state of Kentucky. This also helps to balance out the labor markets equilibrium....
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