Figure: Wage Subsidy
(Figure: Wage Subsidy) Refer to the figure. If a minimum wageof $8 had been implemented instead of a wage subsidy, howmany workers would have been unemployed?
A) 60
B) 30
C) 180
D) 120
Correct Answer:
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Q76: Q78: A wage subsidy will: Q79: Figure: Demand and Supply with Subsidy Q84: Subsidies lead to existence of non-beneficial trades. Q99: With a subsidy, the price paid by Q148: Unlike price floors, subsidies: Q184: Taxes lead to a loss of beneficial Q194: If the elasticity of supply is 3 Q195: Suppose the government requires firms to buy Q219: According to Nobel Laureate Edmund Phelps, minimum![]()
A)reduce the wages received
A) cause surpluses.
B) discourage
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