Why is does the minimum job proposal pay a maximum of $9 an hour? Group of answer choices
A. To compete with the Federal minimum wage of $7.25 per hour.
B. To provide an attractive alternative to dangerous jobs.
C. Those who do not participate at this wage don't really want a job.
D. Those who do not participate are owed higher wages.
Ans: D. Those who do not participate are owed higher wages.
You might also like to view...
An import quota on a product reduces the quantity of the product imported and
A. will not affect the price of the product to the consumers. B. increases the price of the product to the consumers. C. decreases the price of the product to the consumers. D. increases the total quantity of the product consumed.
A cable company can add a subscriber for ________ and a market failure occurs because the price charged ________
A) nearly zero marginal cost; exceeds marginal cost B) less than average cost; reduces consumer surplus C) nearly zero marginal cost; is extortionist D) average variable cost; increases producer surplus
Prospective payment in the hospital sector
a. resulted in the hospital keeping any surplus payment. b. resulted in the hospital absorbing any loss from the payment. c. changed the incentive structure completely. d. all of these are true.
U.S. imports are:
A. U.S. goods sold to foreigners. B. Foreign goods bought by Americans. C. U.S. goods sold to Americans. D. Foreign and U.S. goods sold to foreigners, but consumed in the U.S.