Principles of Supply and Demand by looking at the employment market of today

Why is it that people who have graduate degrees are not earning higher pay than the ones with an undergraduate degree? In example, garbage collectors would make more than a librarian who has a higher education?

Friction costs

For multinational corporations, friction costs arise where practices of the firm are seen by the public as exploitative or unethical. These actions lead to public criticism and loss in the value of the company’s goodwill and may translate into measurable sales losses. There is growing evidence that a corporation's image can become a competitive advantage due to positive gains in consumer approval. In the U.S., there are a number of indications that so-called "green consumers" represent an increasingly important niche in various sales markets, and companies that are environmentally exemplary and go beyond the minimum legal requirements can gain market advantages. Empirical studies rev... click for more

Economic development of LDCs

"Inflationary financing of the economic development of the LDCs can be dangerous". Discuss in detail.