Unlike Minimum Wage Laws,wage Subsidies

question 4

Multiple Choice

Unlike minimum wage laws,wage subsidies

• A)discourage firms from hiring the working poor.
• B)cause unemployment.
• C)help only wealthy workers.
• D)raise the living standards of the working poor without creating unemployment.

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied is exactly equal to the quantity demanded at the market price.

Hotel Rooms

Units of accommodation provided by hotels for guests, typically including a bed and bathroom and varying in size and amenities.

Coupon Rationing

A method where coupons are used to limit the purchase of certain products to ensure equitable distribution or to manage scarcity.

Market Outcome

The end result of all buying and selling activities within a particular market, determined by factors like supply and demand, competition, and regulation.