Economics Homework Help

1.Explain how the baby boom generation changed the structure of pensions in Canada.

2.What is the difference between a defined benefit and a defined contribution pension plan? What are the pros and cons of each plan type? Give an example of each plan type.

3.What are the implications of most wage distributions being positively skewed?

4.Explain the basic education investment decision. Use a graph to aid your explanation.

5.Explain one argument and one counterargument regarding the minimum wage rate.