Assuming upward sloping labor supply, wage subsidies are definitely more inefficient
A. the more elastic labor demand is.
B. the more elastic labor supply is.
C. the more substitutable consumption and leisure are.
D. Both (a) and (b)
E. Both (b) and (c)
F. Both (a) and (c)
G. All of the above
H. None of the above
Answer: F
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