So, part of the test is explaining what our term paper is. Arguments for and against regulation:Invoke principles of the free-market working effectively. So when you impede the free-market, you create inefficiencies (it will cause unemployment).Setting a minimum wage actually causes unemployment.When the free-market is in place, there is a equilibrium point in the market, but it might not be what people need to survive. Raising minimum wage to a “living wage”.Argument for regulation:“All else is rarely equal”. The facts don't correspond to the picture. If you raise the minimum wage, then the demand curve can shift right (creating a higher demand).(against regulation) Deregulated financial market – people know what's best for themselves, and if they suck, they'll go out of business. “These are really smart people, who are we, the government telling them what to do”. When you raise unemployment because of the people on Wall St.
This is the end of the preview.
access the rest of the document.
As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.
Temple University Fox School of Business ‘17, Course Hero Intern
I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.
University of Pennsylvania ‘17, Course Hero Intern
The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.