A wage subsidy will: reduce the number of workers employed. increase the unemployment rate, especially among low-skilled workers. reduce the wages received by workers. increase the number of workers employed.

A wage subsidy will: reduce the number of workers employed. increase the unemployment rate, especially among low-skilled workers. reduce the wages received by workers. increase the number of workers employed.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter11: Labor Markets

Section: Chapter Questions

Problem 18SQ

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Question

A wage subsidy will:

	reduce the number of workers employed.
	increase the unemployment rate, especially among low-skilled workers.
	reduce the wages received by workers.
	increase the number of workers employed.

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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