Research and find answers the following questions by using articles from current or past events from any major publication (electronic or print edition) to be your research references. Articles that appear in economic journals or business magazines such as The Economist are good resources. In addition, articles that appear in blogs or newspapers are good sources for further research. Several links to good references are available under the Content and the Announcement section on the class website as well as a sample and guildlines for your research.
The objective of the paper is to summarize, analyze, critique, support (or question) the articles, and relate the articles to your research questions. The paper must show an analysis of a real world situation using economics concepts, framework, and theories to suggest such as what the problems are, why there are the problems, how to fix the problems, what the pros and cons of each solution are, and how it will affect each group of people.
Remember: Your assignment is to write a research paper, NOT a dictionary or a section of a textbook or a newspaper article or a Wikipedia. Use economics theories and concepts to analyze real world economic problems.
Each paper must have a minimum of 750 words but should not over 1,200 words excluding title, quotes, and references.
Use at least 4 references
-Do not to use spoken language in academic writing. Write from 3rd person perspective
-Do not use contraction in a formal writing.
✅ Research topic and Questions✅
(Minimum wage increase would cost more to society than gain in long run)
Applied Topics: Price control, Application of demand and supply
1.What are pros and cons of raising minimum wage?
2.Who benefit and who loss in short run and long run when minimum wage raises?
3.Why minimum wage increase would cost more to society than gain in long run? (or that is not true?)
Supporting articles (use at least 3 more articles than this article total of 4 articles):