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How does the principles of economics apply to the labor market for nurses?

April 26, 2017Economics Education help homework labor market nurses Principles Reference

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How does the principles of economics apply to the labor market for nurses?

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First you have to know which principles of economics the question is talking about… According to http://www.brainmass.com/homework-help/e… …. “Two principles of economics that help explain how wages are determined in a market economy are: #1-People Face Tradeoffs and #2-Governments Can Sometimes Improve Market Outcomes ” To answer this question, you might want to: a) Research the labor market for any state to determine how nursing wages are calculated. b) Use the internet for this research and be sure to cite the state and the URL of the Web site used in your research. c) Discuss which factors could influence the supply and demand of a nurse’s position. d) Discuss how a nurse’s pay is determined and how the salary is structured. e) Discuss what your chosen state can do to increase the supply of nurses.