march27 - Tuesday,March24,2009 EconQuiz2Review

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Tuesday, March 24, 2009 Econ Quiz 2 Review How does regulation and deregulation affect the market place? a process by which government's control over businesses and individuals is reduced or eliminated. It is the removal of some governmental controls over a market. Deregulation does not mean elimination of laws against fraud, but eliminating or reducing government control of how business is done, thereby moving toward a more free market . What impact has minimum wage had on the market? The Immediate Effect of a Minimum Wage increase seem obvious to increase Labor desire to work at such occupations, as they will receive greater recompense. The wider choice of Applicants for such work allow for greater discernment by Employers of proper labor cadres at less Cost of evaluation, and with the better choice of Labor, lower Job Training Costs. Capital Inputs may be lessened by the Wage increase, but to what degree does this impact the Business concern; it could actually lower total Capital Costs, by fully exploiting the Life Expectancy of all Capital Inputs without degrading the Business quality. What impact have labor unions had on the market?
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This note was uploaded on 01/27/2010 for the course ANTHR 1 taught by Professor Chatterjee during the Spring '10 term at Accreditation Commission for Acupuncture and Oriental Medicine.

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march27 - Tuesday,March24,2009 EconQuiz2Review

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