1. � Assignment: Labor Market Research   Due Date:  Day 7 (Individual forum)   The first chapter of Principles of Economics 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 for nurses.   · �    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 which you complete the following:   o   Address which factors may influence the supply and demand for nurses. o   Discuss how a nurse’s pay is determined and how the salary is structured. o   Discuss what your chosen state can do to increase the supply of nurses. o   Describe how your information relates to Principle #1 and #7. Be specific and make sure to refer to the principles. 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 a point.   · �    Format your paper according to APA standards. · �    Post your paper as an attachment.

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