Answer each of the following questions in full sentences.

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l598561645

Economics

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Answer each of the following questions in full sentences. Use a graph if it helps with your explanation.

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Answer each of the following questions in full sentences. Use a graph if it helps with your explanation. 1. Explain the issue of “omitted skill variables” in relation to wage discrimination. Explain why you think this is or is not an important. 2. Given the following table, draw and explain the step demand curve for female labour. 3. Explain Marshall’s Rules of Unions. 4. Explain the Threat Effect of Unions. 5. Explain the Lorenz Curve and the Gini Coefficient. Use a graph and explain why they are important. Good Luck
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Questions on economics
1. Omitted skill variable and its relationship to wage discrimination. Is it or not
important
Omitted skill variable majorly refers to a particular expression of bias especially in
determining the wages people in their work due to a notion of lack of or possession of
little abilities on such fields. It is important because quality work should be worth
quality payment but in a case where the skills are low then people should be paid
acc...


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