Write a 700- to 1,050-word paper in APA format, in which you:o Cite the state and the URL of the Web site used in your research.
ECO 205 Individual Assignment: 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 fornurses. Due Date: Day 7 [Individual] forum Research the labor market for any state to determine how nursing wages are calculated.Use the Internet for this research. Write a 700- to 1,050-word paper in APA format, in which you:o Cite the state 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 nurses 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 apoint. Post your paper as a Microsoft Word attachment.
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