"The Labor Market and Minimum Wage" Please respond to the following:
· Review the e-Activity, and examine two arguments one for and one against raising the minimum wage.
· Based on your choices explain whether the minimum wage should be raised or not. Please use appropriate economic terms to support your position.
GDP and GNP" Please respond to the following:
In view of the weak economy of the last several years, explain which of the four components of GDP had, or is having, the greatest positive impact in our economy. Use your results from the second e-Activity to support your response.
Explain how one of the components of the GDP would help you to predict the amount of inventory to keep in stock if you were the owner of a retail store and were placing a merchandise order for the next few months.