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) distribution of food stamps to low-income consumers
B) distribution of vouchers that can be used for rent or mortgage payments
C) the Alternative Minimum Tax
D) the earned income tax credit
Answer: D
Economics
You might also like to view...
The nominal interest rate on a loan with an annual inflation rate of ? and a real interest rate i is represented as:
a. i+?i? b. i+??i? c. i+??i? d. i+?-i?
Economics
Mutual interdependence is an important characteristic of a monopolistically competitive market
Indicate whether the statement is true or false
Economics