Which of the following public policies does NOT fit the diffused costs and concentrated benefits story?
A) agricultural subsidies
B) minimum wage
C) price supports
D) trade quota and tariffs

Question

Quizplus · Accepted Answer

Minimum wage does not fit the diffused costs and concentrated benefits story, as it typically affects a large number of employers and employees across different industries and regions. While some workers may benefit from minimum wage increases, others may lose their jobs or have their hours reduced, and employers may face higher labor costs. This dispersal of costs and benefits makes it different from policies like agricultural subsidies, price supports, and trade quotas and tariffs, which tend to benefit specific groups (such as farmers or domestic producers) at the expense of others (such as consumers or foreign producers).

Which of the Following Public Policies Does NOT Fit the Diffused