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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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The rule of 70 applies in any growth-rate application. Let’s say you have $2000.00 in savings and you have three alternatives fo
vekshin1

Answer:

(a)70 years

(b)23.33 years

(c)8.75 years

Explanation:

According to the Rule of 70, for a given interest rate x, funds double in \frac{70}{x} years.

(a)For a savings account earning 1% interest per year,

The number of years it will take the fund to double= \frac{70}{1} =70 years

(b)For a U.S. Treasury bond mutual fund earning 3% interest per year.

The number of years it will take the fund to double= \frac{70}{3} =23.33 years

(c)For a stock market mutual fund earning 8% interest per year.

The number of years it will take the fund to double= \frac{70}{8} =8.75 years

3 0
3 years ago
Compare and contrast the protection to intellectual property provided by trade secrets relative to that provided by patents. Wha
Vera_Pavlovna [14]

Answer:

1. Protection to trade secrets and patents:

a. Trade secrets are protected indefinitely.  Generally, patents are granted for a maximum of 20 years.

b. The owner of a trade secret does not need to pay annual fee to defend the secret.  A patent holder is required to pay an annual fee, in order to make the patent enforceable.

2. Important defense for defendants in trade secret cases that is not available to patent infringement defendants:

The defendant in a trade secret case will cite that the secret is still commercially valuable.  But a patent holder cannot cite this because the patent is granted for a maximum of 20 years to stop stifling innovation.

Explanation:

Both trade secrets and patents are intellectual property rights which confer on their owners the exclusive use of their intellectual property.  The major differences are in the duration and the defense of the rights.  Patents, unlike trade secrets, do not last forever.  Patents, again unlike trade secrets, must be defended periodically through the payment of fees.

7 0
3 years ago
All of the cells in the body need oxygen. Hemoglobin molecules in red blood cells transport oxygen through the bloodstream. Oxyg
OleMash [197]

Answer:

D. the high partial pressure of oxygen in the lungs

Explanation:

  • As the cells of the human body are made of the Hemoglobin molecules that transport this red blood to the bloodstreams.
  • Due to the presence of the dissolved oxygen concentration in the body that these molecules in the lungs are unloaded and then merges with the tissues.
  • The higher pressure is responsible for the flow of the oxygen in the lungs and the thus formation of the RBC in hemoglobin.
3 0
3 years ago
Which questions can help someone who is starting to think about personal vision and goals?
Reil [10]

6/66

born with

talents

things you like to do for fun, such as cooking, reading, or painting.

Some people will share your hobbies, but others might not find those things interesting at all. The skills you learn from your hobbies can give you an advantage in careers in those fields.

You might also get to know other people who share your hobby, and this could help you build a career in that field.

7 0
3 years ago
3
Orlov [11]

Answer:

C. Planning, directing, and controlling; these are functions of a manager.

5 0
2 years ago
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