Wage and Rates

Question 1

1. Economic theory states that a wage set above the equilibrium will create a surplus of labor (unemployment). Are unions creating a surplus of labor? Explain your answer.

2. Entrepreneurs absorb the risk of starting and running a company. Is Kennedy right about allowing employers to set the wage and not the employee? Explain your answer.

3. Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market? Explain your answer.

Question 2

Describe what are some of the biggest problems you think minority entrepreneurs face in the US. How would you go about solving these problems?

Question 3

Do you believe that differences in language create the single biggest obstacle in intercultural communication? Why? Have you ever been in a situation where language has created a communication barrier? Explain.

Verbal messages are not the only type of communication that can be misunderstood. Nonverbal messages are also misread. To test this statement, include a nonverbal message with your post

300 words minimum.