The Earned Income Tax Credit
a. is targeted to poor families
b. is less targeted to poor families than the minimum wage
c. is just a different name for the minimum wage
d. operates on the labor market in exactly the same as the minimum wage
A
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Which of the following ensures that you'll find the goods and services that you're looking for?
A. Government and the rule of law B. Markets and banks C. Government and incentives D. Markets and incentives
Globalization and growing technology have produced
A) more opportunities for low-skilled labor than for high-skilled labor. B) equal opportunities for low-skilled and high-skilled labor. C) outsized, exponential rewards for superstar talent. D) rewards for labor that have reduced income inequality.
When voluntary exchange takes place, both parties gain from the exchange
Indicate whether the statement is true or false
If you believe that government intervention to achieve full employment without inflation can be effective, you are a member in good standing in the
a. Phillips school b. classical school c. Keynesian school d. neo-Keynesian school e. rational expectations school