Two of the ten principles of economcis that help explain how wages are determined in a market economy are #1, People Face Tradeoffs, and #7, Governments Can Sometimes Improve Market Outcomes (Mankiw, 2004). Consider these principles when completing your assignment. Think of how they apply to the labor market for nurses. Research the labor market for any state to determine how nursing wages are calculated. Use the Internet for this research. Write a 700- to 1,050-word paper in APA format, in which you: o Cite the state and the URL of the Web site used in your research. o Discuss which factors could influence the supply and demand of a nurses position. o Discuss how a nurses pay is determined and how the salary is structured. o Discuss what your chosen state can do to increase the supply of nurses.