QUESTION 23 In an article you read for class, Gregory Mankiw argued that augment

Question

QUESTION 23 In an article you read for class, Gregory Mankiw argued that augmenting the incomes of low-wage workers by imposing a minimum wage on employers (choose all correct responses) J will cause some low-wage workers to lose their jobs or be offered fewer hours of work per per iod. is an inferior policy to an Earned Income Tax Credit, in which taxpayers, rather than employers, subs incomes of low-wage workers idize the is the best way to increase the incomes of low-wage workers. is fair because those employers benefit (through higher profits) from their legal right to pay people less than a living wage is unfair because employers are already helping low-wage workers by giving them jobs. QUESTION 24

Explanation / Answer

The correct answer is : - Will cause some low wage workers to loose their jobs or be offered fewer hours of work per period.

Explanation : - Increase in the minimum wage has adverse affects on the employment opportunities of low skilled workers as busineses will hire fewer works or employ workers for few hours to reduce labor costs.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.