Labor Market Research
In the first chapter of the text we discussed the 10 principles of economics. Two principles that
help explain how wages are determined in a market economy are #1, People Face Tradeoffs, and
#7, Governments Can Sometimes Improve Market Outcomes (Mankiw, 2004). Consider these
principles when completing your assignment. Think of how they apply to the labor market for
Â· Due Date: Day 7 [Individual] forum
Â· Research the labor market for any state to determine how nursing wages are calculated.
Use the Internet for this research.
Â· Write a 700- to 1,050-word paper in APA format, in which you:
o Cite the state (Ohio) and the URL of the Web site used in your research.
o Address which factors may influence the supply and demand for nurses.
o Discuss how a nurse’s pay is determined and how the salary is structured.
o Discuss what your chosen state can do to increase the supply of nurses.
o Include at least one appropriately cited and documented quotation to support a point.
o Include at least one appropriately cited and documented paraphrase to support a
Â· Post your paper as a MicrosoftÂ© Word attachment.