Which of the Following Statements Is Correct

question 404

Multiple Choice

Which of the following statements is correct?

• A)A disadvantage of a minimum-wage law is that it may benefit unskilled workers who are not low-income workers.
• B)A disadvantage of a negative income tax program is that a poor person who chooses not to work many hours would receive a cash benefit.
• C)A disadvantage of an Earned Income Tax Credit (EITC) is that a person who is unable to work due to a disability does not benefit from the program.
• D)All of the above are correct.

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Definitions:

Scatter Diagram

A graphical representation used in statistics to show the relationship between two variables, where each point on the diagram represents the values of two variables.

Production Quotas

Defined as the specific quantity of goods that a company aims to produce within a certain timeframe.

Compromise

A resolution or settlement of a disagreement achieved by both parties making compromises.

Consistency

The quality of achieving a uniform, standard level of performance or behavior over time.