Increases in the minimum wage are intended to raise the incomes of low-income workers. Many economists favor a different policy to achieve this goal, a policy that avoids the deadweight losses that result from the minimum wage. What is this policy?
A) the Alternative Minimum Tax
B) the earned income tax credit
C) distribution of food stamps to low-income consumers
D) distribution of vouchers that can be used for rent or mortgage payments
B
Economics
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Proponents and opponents of balanced-budget policies agree that the government debt cannot continue to increase forever
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following changes would increase the present value of a future payment?
a. a decrease in the size of the payment b. an increase in the time until the payment is made c. a decrease in the interest rate d. All of the above are correct.
Economics