25. Which of the following statements is correct? a. A disadvantage of a minimum-wage law is that it may benefit unskilled workers who are low income workers. b. A disadvantage of a negative income tax program is that a poor person who chooses not to work many hours would not receive a cash benefit. c. There are no disadvantages to minimum-wage laws,

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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25. Which of the following statements is correct?
a. A disadvantage of a minimum-wage law is that it
may benefit unskilled workers who are low income
workers.
b. A disadvantage of a negative income tax program is
that a poor person who chooses not to work many
hours would not receive a cash benefit.
c. There are no disadvantages to minimum-wage laws,
negative income taxes, or the Earned Income Tax
Credit (EITC).
d. A disadvantage of an Earned Income Tax Credit
(EITC) is that a person who is unable to work due to
a disability does not benefit from the program.
Transcribed Image Text:25. Which of the following statements is correct? a. A disadvantage of a minimum-wage law is that it may benefit unskilled workers who are low income workers. b. A disadvantage of a negative income tax program is that a poor person who chooses not to work many hours would not receive a cash benefit. c. There are no disadvantages to minimum-wage laws, negative income taxes, or the Earned Income Tax Credit (EITC). d. A disadvantage of an Earned Income Tax Credit (EITC) is that a person who is unable to work due to a disability does not benefit from the program.
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