Juan Has an Authorized Work Permit Issued by the U

question 61

Multiple Choice

Juan has an authorized work permit issued by the U.S. government to work in the U.S. Each day, Juan travels from Mexico to El Paso, TX, to work in the construction trade. At the time that he was first employed, his U.S. employer issued him a(n) ___________ . Each week, the employer scans his work stipend onto it. Juan can purchase with it, access cash through an ATM with it, and transfer funds with it. The risk for Juan is _________

• A) paycheck; if the check is stolen, he is out the money.
• B) payroll debit card; it serves as a credit card, so if stolen he is out the money and any money he had left from the previous pay date.
• C) payroll debit card; if it is lost or stolen and someone successfully uses it to make purchases, he has no recourse-he is simply out the money.
• D) ETF voucher; minimal because funds are transferred directly from the employer's account to the employee's account.

---

Definitions:

Inefficiently Low-Quality Apartments

Apartments that are below optimal living standards due to market failures, often resulting in lower than socially preferable quality.

Opportunity Cost

Opportunity cost is the potential benefit that one misses out on when choosing one alternative over another.

Black Markets

Illegal markets that arise when selling, trading, or buying goods or services are prohibited by law or are controlled by restrictive practices.

Price Floors

A legal minimum price below which a good or service cannot be sold, intended to protect producers from market prices that are too low.