Wall street journal classroom edition unit 3 debate minimum wage

I’m stuck on a Economics question and need an explanation.

You don't need to do part 4 I can do that myself. I need you to do the first 3 parts. Use the Docs sheet to answer the questions on. Read the articles to answer those questions.Economics Unit 3 Portfolio Please use this template to turn in your answers for this portfolio. It will be easier to grade with all of them in one document. Part 1 the Wall Street Journal CE: Ch 8 Business Organizations. ​(Find article in Unit 3 Lesson 3 Page 2) Read the article and then return here to write your answers to the questions 1.​ ​ Why is it important for all entrepreneurs to be prepared for changing technology? (2pts) 2.​ ​How can entrepreneurs avoid getting caught up in the hype surrounding their product or service? (2pts) 3.​What other qualities are essential for success as an entrepreneur? (2 pts)​Part 2​ ​Wall Street Journal CE: Chapter 9 Labor ​(find worksheet in Unit 3 Lesson 6 page 2) 1.​ ​Why is employee turnover a problem for business? (2 pts) 2.​What are some of the strategies companies employ to limit turnover? (2 pts)​Part 3 Wall Street Journal CE: Debate The Minimum Wage ​(find worksheet in Unit 3 Lesson 7 page 2) 1.​ ​How did the minimum wage change in October 196? What other change occurred in September 1997? (1 pt) 2.​ ​Why was the “blow” of the October 1996 change softer on some employers than it might have been? (1pt) 3.​ ​What alternatives did some employers use to lessen the impact of the change on their bottom line? (List at least 3) (1 pt for each) a. b. Debate Activity Sheet (7 pts) Fill out how each party listed below could be hurt and how they could be helped by an increase in the minimum wage. How Are They Affected? Helped Young and/ or Inexperience Workers Hurt They will have a harder time getting entry level jobs because higher labor costs means there will fewer of these jobs. Older and/or Experienced Workers Business Owners Consumers The U.S. Economy There will be increase productivity because people tend to work harder when they are paid more. More people might be out of work because of fewer jobs. Part 4 (20 pts) Write a persuasive answer to the question: ​Should the minimum wage be raised? Support your answers with details from the ​Wall Street Journal ​Articles, and Chapters 9 and 10 of ​Economics: Principles in Action​, or any other activity from Unit 3.