Government spending that redistributes income from taxpayers to other groups in the society is
a. a transfer payment
b. a subsidy
c. a public good
d. a merit good
e. an equity good
A
Economics
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Suppose that the U.S. government required firms to pay a living wage to workers in their subsidiaries or contracting firms in developing countries. As a consequence of this requirement, wages would likely _______ to the living wage and employment would likely _________.
a. rise; increase b. fall; increase c. rise; decrease d. fall; decrease
Economics
Based on the information in the above table, what is the labor force participation rate?
What will be an ideal response?
Economics