courses.aplia.com 2017 Fall - ECON 265001: Econ 265-001 Syllabus Aplia: Student
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courses.aplia.com 2017 Fall - ECON 265001: Econ 265-001 Syllabus Aplia: Student Question MindTap - Cengage Learning In order to move out of poverty, families need to h...+ Graded Assignment Read Chapter 12 Back to Assignment Due Tuesday 11.28.17 at 04:00 PM Attempts Average: 12 11. Study Questions and Problems #11 In order to move out of poverty, families need to have a higher amount of income. Which of the following could help accomplish this? Check all that apply, Negative income tax In-kind transfers Removing laws mandating minimum wages, comparable worth, union power, professional licensing, and other restrictive practices Cash transfer programs Laws and restrictions may or may not reduce poverty depending on how they are structured. Place each of the following items in the proper category Reduces Poverty May Increase Poverty A comparable worth law that sets a wage determined by a bureaucracy rather than the market A union that restricts labor supply to benefit its members at the expense of nonunionized workers A union that effectively counters a monopsony employer A comparable worth law that addresses institutionalized discrimination in labor markets Grade It Now Save & Continue Continue without saving Copyright Notices Terms of Use Privacy NoticeSecurity NoticeAccessibility Timeout 55:00Explanation / Answer
(1) Policies to help families move out of poverty:
- In-kind transfers
- Removing laws mandating restrictive practices
- Cash transfer programs
(2)
(i) Comparable worth law that sets wage to be determined by bureaucracy - May increase poverty
(ii) Union that restricts labor supply - May increase poverty
(iii) Union that effectively encounters monopsony - Reduce poverty (Since wage rate will rise)
(iv) Comparable worth law that addresses institutionalized discrimination - Reduce poverty
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