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,
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- Imagine that the government reworks the welfare policy that was affecting Jonathan in question 1, so that for each dollar someone like Jonathan earns at work, his government benefits diminish by only 30 cents. Reconstruct the table from question 1 to account for this change in policy. Draw Jonathans labor-leisure opportunity sets, both for before this welfare program is enacted and after it is enacted.Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how information technology can increase income inequality if it is a complement to high-income workers like salespeople and managers, but a substitute for low-come workers like file clerks and telephone receptionists.Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how a program that increased educational levels for a substantial number of low-skill workers could reduce inflame inequality.
- Susan is a single mother with three children. She can earn 8 per hour and works up to 2,000 hours per year. However, if she does not earn any income at all, she will receive government benefits totaling 16,000 per year. For every 1 of income she earns, her level of government support will be reduced by 1. Create a table, patterned after Table 15.3. The first column should show Susans choices of how many hours to work per year, up to 2,000 home. The second column should show her earnings from work. The third column should show her level of government support, given her earnings. The final column should show her total income, combining earnings and government support.How is the poverty rate calculated?In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?
- A group 0f 10 people have the following annual incomes: 24,000,18,000,50,000,100,000,12,000,36,000,80,000,10,000,24,000,16,000. Calculate the share of total income that each quintile receives from this income distribution. Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution?This question has to do with the minimum wage serving as an anti-poverty program. a. What percentage of a minimum wage increase goes to families below the poverty linenow versus in the 1990s? Why has this changed over the years? Make sure to use exactnumbers in your answer. b. Explain why families below the poverty line receive less than 100% of a minimum wageincrease. c. Jason is employed, earns the federal minimum wage, works 25 hours per week, works 52weeks per year, is single, and has no children. Given these numbers, Jason would bebelow the federal poverty line. Assume the federal minimum wage increases to $15 andJason continues to work 25 hours per week for 52 weeks per year. The large increase inJason’s earnings places him above the poverty line. Describe how it can be true thatJason’s earnings increase significantly, yet his total income (which is income from allsources combined) might be the same as it was before the minimum wage increase.FUTA is a federal tax that is paid by employers for each employee to provide _____ compensation to workers who have lost their jobs. a. Medicare b. unemployment c. self employment d. social security
- d. Explain how a 10% wage tax would a§ect the way in which the Örm chooses to produce any given amount of output1. write a short essav tha summarizes the problems by which the official poverty rate is determined.2. Sit down with some classmates and estimate what a family of four (two parents, two voung children) in your area would have to day annually for food. clothing. shelter. energy, and other necessities of lite. What figure do you end up with? How does this sum ot money compare with the official poverty line of 22,213 in 2010 for a family of four?3. Why do you think the maiority of Americans assume poor people lack the motivation To WORK4. Explain to a friend how labor force participation data indicate that it is inaccurate to think that poor people lack the motivation to work.3 of 1 estion s page What does the Canadian poverty rate measure? O a. the number of people whose annual household income is less than $17 568 the number of people whose annual household income is less than $21 728 the percentage of people whose income falls below an identified income standard the percentage of government expenditures allocated to antipoverty programs O b. О с. O d.