1. (Wall Street Journal) On Tuesday the Wall Street Journal includes articles and information on careers in the Market- place section.Turn to the Career Opportunities section where employment opportunities are detailed. Read several position descriptions for jobs that are of interest to you. Identify the education and skill requirements of the positions.
2. (Wages and Labor Supply) Interview five of your classmates to determine the nature of their labor supply curves for a summer job. Ask each of them how many hours of work he or she would be willing to supply at wage rates of $10, $15, $20, $25, and $30 per hour. Plot the results on a labor supply diagram. Do any of these individuals exhibit a backward-bending labor supply curve? Is the market supply curve for these five individuals backward bending?