Question

When the government creates new laws about employee safety, the government creates .

Answer 1

The answers to the fill in the blank:

1.Regulatory Policy

2.Fiscal Policy

3.Trade Policy

4.Monetary Policy

Hope this helps!!! :)

Answer 2

Answer:

The government create new laws about employees safety and also The amount of money that citizens pay in taxes, along with the amount of money that the government can spend, are part of .

Explanation:

Federal governments use minimum wage laws to ensure a basic quality of life among all citizens within its borders. These laws attempt to improve an individual’s position in the economic income brackets. Rather than have copious amounts of underpaid or poor citizens, minimum wage laws seek a level of economic equality. Governments can use minimum wage laws to force companies to pay all individuals equally, regardless of race, creed, sex or other feature.

Effects

Minimum wage laws sometimes have unintended consequences. A major consequence is increasing an individual’s income tax liability. Nations with progressive income tax systems require individuals to pay more taxes as their income increases. Setting a high minimum wage or using incremental increases can force individuals into higher tax brackets. Additionally, high minimum wage laws significantly increase a company’s labor expense, potentially forcing it to lay off current employees.