In a hypothetical country, fifty years ago, the minimum wage was approximately $1.50 per hour. At the same time, a family with two adults and two children could live in that country for about $50 per week for food and necessities. Fifty years later, the minimum wage in that country is about $8.00 per hour and the cost of living has gone up to approximately $500 per week for an equivalent family of four. Discuss, in a 400-500-word essay, the changes that you assume has happened in that county’s economy because of the inflationary pressures experienced over that fifty years.
Daily Archives: March 6, 2021
Assignment 2 – Economics of Social PolicyThis has a weight of 40% in your overall module marks.Instructions:• Assignment 2 is an essay.• The question is on the next page.• The word limit is 2,000 words.• This does not include references (bibliography) and tables/figures.• At most 3 additional sources of evidence as tables/figures can be included – theseshould be labelled, with appropriate captions and sources. You can also add briefnotes beneath each table/figure if they are not self-explanatory with the caption.• The references, tables and figures should be placed at the end of your essay, with apage break between them and your essay text.• The bibliography should be in a consistent style(e.g. APA, MLA, Chicago or Harvard)• Together, the references and your additional pieces of evidence are your “supportingevidence”•….
Please work independentlyPlease note that all homework assignments must be submitted using the “Assignments” tool in Blackboard (NO EXCEPTION)Please keep a backup copy of your work until the end of the semester (until you have received your final grade).Penalty for late submission (within one week) is 40% of the points allocated to the assignment. Submission will not be accepted if it is more than one week late.Total 100 points Total 2 pages Using the following product tree, determine the planned order receipts and planned order releases if 200 As are to be produced in week 5. All lead times are 1 week except for component E, which has a lead time of 2 weeks. (50pts)
Calculation Process) (You can scan it), if you just….