Use the Following to Answer Questions

question 58

Multiple Choice

Use the following to answer questions:
Figure: Wage Subsidy
-(Figure: Wage Subsidy) Refer to the figure. How many additional workers have been hired as a result of the wage subsidy?

• A) 150
• B) 180
• C) 30
• D) No additional workers have been hired as a result of the wage subsidy.

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Definitions:

Market

A system or an arena where parties engage in exchange of goods, services, or information.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods and services.

Historic Buildings

Structures that hold historical significance due to their architecture, association with important events, or cultural impact.

External Costs

Costs of economic activities that are not reflected in the market price, affecting parties who did not choose to incur that cost.