The state you live in is considering two different welfare programs. The first plan guarantees $8,000 for

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The state you live in is considering two different welfare programs. The first plan guarantees $8,000 for each person. The second plan does not guarantee any payments, but it doubles any income earned up to $12,000.

QUESTION: Which program creates the lesser amount of unemployment?

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Related Book For  book-img-for-question

Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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