1. Workers care about only two aspects of their compensation: wages and paid vacations. a. Using...

 

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1. Workers care about only two aspects of their compensation: wages and paid vacations. a. Using carefully labelled diagrams, describe the relationship between wages paid by firms offering longer paid vacations and those offering shorter vacations. b. If you found, in fact, using data from the "real world", that high-paying jobs also offered longer vacations, would this be evidence against the argument your sketched in part (a)? c. What would happen to the wage structure if the government forced all firms to offer at least four weeks of paid vacation? 1. Workers care about only two aspects of their compensation: wages and paid vacations. a. Using carefully labelled diagrams, describe the relationship between wages paid by firms offering longer paid vacations and those offering shorter vacations. b. If you found, in fact, using data from the "real world", that high-paying jobs also offered longer vacations, would this be evidence against the argument your sketched in part (a)? c. What would happen to the wage structure if the government forced all firms to offer at least four weeks of paid vacation?

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a In a carefully labeled diagram the relationship between wages and paid vacations can be illustrate... View the full answer