Explain why workers without a college degree are adversely affected
by the closure of manufacturing plants around the country. Analyze
this issue using the economic models (e.g., Cobb-Douglas, Leontief,
etc.), market structure (e.g., perfect and imperfect competition)
and papers (e.g., Acemoglu on “Technical Change, Inequality, and
the Labor Market” and Wal-Mart’s monopsony, etc.) regarding the
ability of companies to alter their production technologies and
factor payments. In your answer, discuss how various production
functions and market structure help explain the...