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Anna71 [15]
3 years ago
10

Increases in the minimum wage are intended to raise the incomes of low-income workers. Many economists favor a different policy

to achieve this goal, a policy that avoids the deadweight losses that result from the minimum wage. What is this policy?
Business
1 answer:
Stels [109]3 years ago
8 0

Answer:

The Earned Income credit

Explanation:

Many economists choose the earned income credit (EIC) over the increase in minimum wage because it avoids deadweight losses. Deadweight losses results when supply are demand are not in equilibrium (Market Inefficiency). Increases in minimum wages invariably leads to increase in prices of market goods which are overpriced. This leads to market Inefficiency.

So in trying to help low income earners, many economists choose the EIC over just increasing minimum wage.

The earned Income Credit helps certain tax payers with low incomes from work in a particular tax year. It reduces the amount of tax owed and may result in a refund to the tax payers if the amount of credit is greater than the amount of tax owed.

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Answer:

Explanation:

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check the attached file bellow for further explanation

8 0
3 years ago
A store puts everything on sale for 20% off. If the sales tax is 8%, what percent of the original marked price is the final cost
iogann1982 [59]

Answer:

86.4%

Explanation:

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then with a sales discount of 20%

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3 years ago
A community college might grant all of the following degress except
klio [65]
I would say a technical program certificate, i hope i helped, have an amazing day :)
3 0
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Read 2 more answers
peanut butter and jelly are complements. if there is a decrease in the price of jelly, producer surplus in the peanut butter mar
ololo11 [35]

If the price of jelly decreases, the demand for peanut butter, a complementary good to jelly, will increase. The increase in the demand for peanut butter will cause the price of peanut butter to rise.

Peanut butter is a food paste or spread crafted from ground, dry-roasted peanuts. It typically consists of extra components that alter the flavor or texture, which include salt, sweeteners, or emulsifiers. Peanut butter is fed on in many countries. The USA is the main exporter of peanut butter and one of the most important clients of peanut butter annually in step per capita. January 24 is National Peanut Butter Day inside the u.S.. Peanut butter is a nutrient-rich food containing high levels of protein, numerous vitamins, and nutritional minerals. Its miles typically served as diffusion on bread, toast, or crackers, and used to make sandwiches (extensively the peanut butter and jelly sandwich). It's also used in some breakfast dishes and desserts, inclusive of granola, smoothies, crepes, cookies, brownies, or croissants. It's far much like other nut butter such as cashew butter and almond butter.

Learn more about peanut butter here

brainly.com/question/23636252

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8 0
1 year ago
Comprehensive coverage under the Personal Auto Policy pays for damage to the insured auto caused by all of the following except:
Maksim231197 [3]

Answer:

c. nuclear accident

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Personal Auto Policy is the most common policy for the insured. However, Nuclear accident is not covered under this policy. The policy covers hail, collision with animals and birds as well as falling tree branches.

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