QUESTION 8 Most government policy decisions have winners and losers. What are the effects of raising the minimum wage? It is more complex than simply producers lose and workers gain. Who are the winners and who are the losers? (May be more than one answer). People who keep their job are winners People who can now go on welfare are winners Consumers are losers because many goods and services will cost more Marginal workers are losers if their job is a risk Businesses are winners because they will always have better workers

QUESTION 8 Most government policy decisions have winners and losers. What are the effects of raising the minimum wage? It is more complex than simply producers lose and workers gain. Who are the winners and who are the losers? (May be more than one answer). People who keep their job are winners People who can now go on welfare are winners Consumers are losers because many goods and services will cost more Marginal workers are losers if their job is a risk Businesses are winners because they will always have better workers

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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