A politician says, "We could help low-wage workers by offering them tax credits like the earned income tax credit, but it would be cheaper to do it by raising the minimum wage because that would cost the government nothing." a. What type of policy is the minimum wage? A tax expenditure An automatic stabilizer A government regulation Social insurance b. How can the minimum wage increase government spending? A higher minimum wage raises costs for businesses. A higher minimum wage decreases the amount of tax revenue collected by the government. If a higher minimum wage increases unemployment, government spending on social insurance programs will increase. The minimum wage increases the amount of tax revenue collected by the government.

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.

Describe what fixed costs and marginal costs mean to a company.

What is the purpose of the us international trade association?