David Card and Alan Krueger conducted a study of fast-food restaurants in New Jersey and Pennsylvania. The study found that
A) the earned income tax credit is more effective in raising the incomes of low-skilled workers than increases in the minimum wage.
B) increases in the minimum wage had a very small impact on employment.
C) there was a large reduction in employment of low-skilled workers when the minimum wage was raised in these states.
D) increases in the prices of food have a greater effect on wage increases in New Jersey than in Pennsylvania.
B
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Refer to the above table. You are given information on Jasmin's consumption for 2005 and 2015. Using 2005 as the base year compute the price index for 2015. The index equals
A) 0.75. B) 73.007. C) 87.50. D) 136.842.
For a major country with extensive capital flows, what is the effect of an increase in interest rates?
a. There will be an inflow of capital, a currency depreciation, and increased net exports. b. There will be an inflow of capital, a currency depreciation, and reduced net exports. c. There will be an outflow of capital, a currency depreciation, and increased net exports. d. There will be an inflow of capital, a currency appreciation, and reduced net exports.
Which of the following is not a source of funding available to? governments?
A. Taxes. B. Stock sales. C. User charges. D. Borrowing.
A contract that makes a manager's salary dependent on total profit would be a type of incentive-compatible contract.
Answer the following statement true (T) or false (F)