Figure: Wage Subsidy 
Reference: Ref 6-11 (Figure: Wage Subsidy) Refer to the figure. If a minimum wage of $8 had been implemented instead of a wage subsidy, how many workers would have been unemployed?
Definitions:
Leakage
The escape of resources from one part of an economy to another, often referring to money that is not retained within a local system.
Control Group
In experimental research, the group that does not receive the experimental treatment, serving as a baseline to compare the effects of the treatment.
False Positives
An error in which a test incorrectly indicates the presence of a condition that is not actually there.
Type II Error
A statistical error that occurs when one fails to reject a false null hypothesis, also known as a false negative.
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