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Question : 61) Refer to Figure 14-4. The wage paid by this : 1384290

Economics

 

61) Refer to Figure 14-4. The wage paid by this monopsonistic firm will be ________ and employment will be ________.

A) below $25 per hour; below 750 units of labour

B) between $25 and $35 per hour; between 750 and 1000 units of labour

C) $30 per hour; 1000 units of labour

D) $25 per hour; 750 units of labour

E) $35 per hour; 750 units of labour

62) Refer to Figure 14-4. Compared to the outcome in a competitive labour market, the wage and employment outcome in this town’s monopsonistic labour market are as follows:

A) wages are lower by $5 per hour and employment is lower by 250 units of labour.

B) wages and employment are both the same as the competitive outcome.

C) wages are higher by $10 per hour and employment is lower by 250 units of labour.

D) wages are lower by $10 per hour and employment is the same as the competitive outcome.

E) wages are the same as the competitive outcome and employment is higher by 250 units of labour.

63) Refer to Figure 14-4. Suppose this labour market is in a monopsonistic equilibrium. Then, suppose the workers form a union and negotiate a higher wage with the firm. In this case the wage will be ________ and the employment will be ________.

A) above $35 per hour; less than 750 units of labour

B) between $25 and $35 per hour; between 750 and 1000 units of labour

C) above $25 per hour; above or below 750 units of labour, depending on the negotiated wage

D) $30 per hour; 1000 units of labour

E) $35 per hour; 750 units of labour

64) Refer to Figure 14-4. Suppose the workers in this town form a union to negotiate the wage rate with the firm. Economists refer to this situation as

A) a monopoly.

B) a unionized monopoly.

C) a competitive labour market.

D) a monopolistic labour market.

E) a bilateral monopoly.

65) Refer to Figure 14-4. Suppose this labour market is in a monopsonistic equilibrium. Then, suppose the provincial government of British Columbia imposes a minimum wage for employees in this industry of $30 per hour. What will be the effects on wages and employment?

A) wages will fall by $5 per hour and employment will increase by 250 units of labour

B) wages will not change and employment will increase by 250 units of labour

C) wages will rise by $5 per hour and employment will increase by 250 units of labour

D) wages will not change and employment will change by between 0 and 250 units of labour

E) wages will not change and employment will not change

66) Refer to Figure 14-4. Suppose this labour market is in a monopsonistic equilibrium. Then, suppose the provincial government of British Columbia imposes a minimum wage for employees in this industry of $38 per hour. What will be the effects on wages and employment?

A) wages will rise by $8 per hour and employment will fall below 750 units of labour

B) wages will rise by $3 per hour and employment will fall by 125 units of labour

C) wages will rise by $8 per hour and employment will remain unchanged

D) wages will rise by $13 per hour and employment will fall below 750 units of labour

E) wages will rise by $8 per hour and employment will fall by between 0 and 250 units of labour

67) Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market. The labour demand curve is = 1000 – 20(w). The labour supply curve is = 400 + 40(w). What is the equilibrium level of employment?

A) 20

B) 40

C) 400

D) 800

E) 1000

68) Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market. The labour demand curve is = 1000 – 20(w). The labour supply curve is = 400 + 40(w). Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 (but does not affect the demand curve). The number of workers employed after unionization is

A) 400.

B) 780.

C) 880.

D) 1000.

E) Not determinable from the information provided.

69) Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market. The labour demand curve is = 1000 – 20(w). The labour supply curve is = 400 + 40(w). Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 (but does not affect the demand curve). The number of workers who wish to work at the new wage is

A) 400.

B) 440.

C) 780.

D) 840.

E) 1000.

70) Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market. The labour demand curve is = 1000 – 20(w). The labour supply curve is = 400 + 40(w). Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 (but does not affect the demand curve). One result is

A) an increase in employment of 20 workers.

B) an increase in employment of 40 workers.

C) a decrease in employment of 20 workers.

D) a decrease in employment of 40 workers.

E) a decrease in employment of 60 workers.

 

 

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July 1, 2023
    

Prior to beginning work on this assignment, review Chapters 1, 2, and 3 from the course text, read the article by Keller et al., (2012), 

Does the Perception That Stress Affects Health Matter? The Association With Health and Mortality
, and watch 

Seriously Stressed
. Many of you may be familiar with the classic tale of George Bailey (James Stewart) in It’s a Wonderful Life. George Bailey portrays a young man who encounters many major life events. Although he has ambitions to go to college and travel the world, the death of his father crushes his dreams. He decides to stay in his hometown to manage the family business, Bailey Building and Loan. Over the years, Henry F. Potter, George’s nemesis, tries to take over the family business as it struggles with financial difficulties. As time passes, George Bailey marries and has four children. George’s major stressor presents itself, and the way he perceives and reacts to this stressor, paves the way for the outcome of the movie. While George tries to run away from this stressor, the support of his family and friends help him through it.

To get a brief overview of the movie, watch 

It’s a Wonderful Life Trailer
 (2:11). Be sure to watch Frank Capra’s 1946 version of the film. Then search for the following clips that depict some of George’s stressful moments:

It's A Wonderful Life - Potter's Offer.mov - YouTube

View for the fight or flight response:



It’s a Wonderful Life Bank Run

Links to an external site.
 (4:00)

Character Study:

· Identify four of George’s stressors; these can be distressful or eustressful events.

· Support these examples of stress with the course text.

· Assess George’s physiological, social, and emotional reactions to these stressors in the movie.

· Provide two examples of George’s physiological reactions.

· Provide two examples of George’s social reactions.

· Provide two examples of George’s emotional reactions to his stressors.

· Use the course text as a minimum to support your response; the movie should be cited when it is being explained.

Throughout the movie, George encounters many stressors, but there are two major stress events that he must decide whether to “fight or flight.” The 
fight-or-flight response is a way the body reacts to stress. When faced with a stressor, the body prepares to fight it or run away from it. After watching the video clips above,

· Explain George’s fight-or-flight reaction in the bank run.

· Explain George’s fight-or-flight reaction from the following:

·

“You Realize What This Means? It’s Bankruptcy and Scandal and Prison!” - A Wonderful Life
Links to an external site.

·

Your* Worth More Dead Than Alive
Links to an external site.

·

“You Look About Like the Kinda Angel I’d Get”Links to an external site.

· Each clip is an example of the same reaction/situation to the stressor.

· Explain why you feel George reacted differently in each situation (also think of his perceptions to each stressor and cultural background)?

· Provide examples from the movie and support your analysis with at least one reference.

· Analyze the relationship between stress and health by identifying three illnesses George may be putting himself at risk for as a result of chronic stress.

· Use the course text and one additional scholarly reference to support your response.

4 double spaced pages

APA style

Two scholarly sources

default image
July 1, 2023
    

Prior to beginning work on this assignment, review Chapters 1, 2, and 3 from the course text, read the article by Keller et al., (2012), 

Does the Perception That Stress Affects Health Matter? The Association With Health and Mortality
, and watch 

Seriously Stressed
. Many of you may be familiar with the classic tale of George Bailey (James Stewart) in It’s a Wonderful Life. George Bailey portrays a young man who encounters many major life events. Although he has ambitions to go to college and travel the world, the death of his father crushes his dreams. He decides to stay in his hometown to manage the family business, Bailey Building and Loan. Over the years, Henry F. Potter, George’s nemesis, tries to take over the family business as it struggles with financial difficulties. As time passes, George Bailey marries and has four children. George’s major stressor presents itself, and the way he perceives and reacts to this stressor, paves the way for the outcome of the movie. While George tries to run away from this stressor, the support of his family and friends help him through it.

To get a brief overview of the movie, watch 

It’s a Wonderful Life Trailer
 (2:11). Be sure to watch Frank Capra’s 1946 version of the film. Then search for the following clips that depict some of George’s stressful moments:

It's A Wonderful Life - Potter's Offer.mov - YouTube

View for the fight or flight response:



It’s a Wonderful Life Bank Run

Links to an external site.
 (4:00)

Character Study:

· Identify four of George’s stressors; these can be distressful or eustressful events.

· Support these examples of stress with the course text.

· Assess George’s physiological, social, and emotional reactions to these stressors in the movie.

· Provide two examples of George’s physiological reactions.

· Provide two examples of George’s social reactions.

· Provide two examples of George’s emotional reactions to his stressors.

· Use the course text as a minimum to support your response; the movie should be cited when it is being explained.

Throughout the movie, George encounters many stressors, but there are two major stress events that he must decide whether to “fight or flight.” The 
fight-or-flight response is a way the body reacts to stress. When faced with a stressor, the body prepares to fight it or run away from it. After watching the video clips above,

· Explain George’s fight-or-flight reaction in the bank run.

· Explain George’s fight-or-flight reaction from the following:

·

“You Realize What This Means? It’s Bankruptcy and Scandal and Prison!” - A Wonderful Life
Links to an external site.

·

Your* Worth More Dead Than Alive
Links to an external site.

·

“You Look About Like the Kinda Angel I’d Get”Links to an external site.

· Each clip is an example of the same reaction/situation to the stressor.

· Explain why you feel George reacted differently in each situation (also think of his perceptions to each stressor and cultural background)?

· Provide examples from the movie and support your analysis with at least one reference.

· Analyze the relationship between stress and health by identifying three illnesses George may be putting himself at risk for as a result of chronic stress.

· Use the course text and one additional scholarly reference to support your response.

4 double spaced pages

APA style

Two scholarly sources

default image
July 1, 2023
    

Prior to beginning work on this assignment, review Chapters 1, 2, and 3 from the course text, read the article by Keller et al., (2012), 

Does the Perception That Stress Affects Health Matter? The Association With Health and Mortality
, and watch 

Seriously Stressed
. Many of you may be familiar with the classic tale of George Bailey (James Stewart) in It’s a Wonderful Life. George Bailey portrays a young man who encounters many major life events. Although he has ambitions to go to college and travel the world, the death of his father crushes his dreams. He decides to stay in his hometown to manage the family business, Bailey Building and Loan. Over the years, Henry F. Potter, George’s nemesis, tries to take over the family business as it struggles with financial difficulties. As time passes, George Bailey marries and has four children. George’s major stressor presents itself, and the way he perceives and reacts to this stressor, paves the way for the outcome of the movie. While George tries to run away from this stressor, the support of his family and friends help him through it.

To get a brief overview of the movie, watch 

It’s a Wonderful Life Trailer
 (2:11). Be sure to watch Frank Capra’s 1946 version of the film. Then search for the following clips that depict some of George’s stressful moments:

It's A Wonderful Life - Potter's Offer.mov - YouTube

View for the fight or flight response:



It’s a Wonderful Life Bank Run

Links to an external site.
 (4:00)

Character Study:

· Identify four of George’s stressors; these can be distressful or eustressful events.

· Support these examples of stress with the course text.

· Assess George’s physiological, social, and emotional reactions to these stressors in the movie.

· Provide two examples of George’s physiological reactions.

· Provide two examples of George’s social reactions.

· Provide two examples of George’s emotional reactions to his stressors.

· Use the course text as a minimum to support your response; the movie should be cited when it is being explained.

Throughout the movie, George encounters many stressors, but there are two major stress events that he must decide whether to “fight or flight.” The 
fight-or-flight response is a way the body reacts to stress. When faced with a stressor, the body prepares to fight it or run away from it. After watching the video clips above,

· Explain George’s fight-or-flight reaction in the bank run.

· Explain George’s fight-or-flight reaction from the following:

·

“You Realize What This Means? It’s Bankruptcy and Scandal and Prison!” - A Wonderful Life
Links to an external site.

·

Your* Worth More Dead Than Alive
Links to an external site.

·

“You Look About Like the Kinda Angel I’d Get”Links to an external site.

· Each clip is an example of the same reaction/situation to the stressor.

· Explain why you feel George reacted differently in each situation (also think of his perceptions to each stressor and cultural background)?

· Provide examples from the movie and support your analysis with at least one reference.

· Analyze the relationship between stress and health by identifying three illnesses George may be putting himself at risk for as a result of chronic stress.

· Use the course text and one additional scholarly reference to support your response.

4 double spaced pages

APA style

Two scholarly sources

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