Unlike the minimum wage, the Earned Income Tax Credit does not:

A. create an incentive for employers to lay off low-wage workers.
B. improve the economic well-being of the working poor.
C. increase total economic surplus.
D. cost the government money.


Answer: A

Economics

You might also like to view...

In Michael Porter's five competitive forces model, what do the competitive forces determine?

What will be an ideal response?

Economics

A functional relationship exists between two variables if the value of one variable depends on the value of the other variable

a. True b. False

Economics

The euro began trading in January 1999

a. True b. False Indicate whether the statement is true or false

Economics

Accounting profits are

A) total revenue minus explicit costs. B) total revenue minus implicit costs. C) total revenue minus explicit and implicit costs. D) total revenue minus normal costs.

Economics