C. Please use carefully labeled graphical models to derive your results and provide a brief verbal summary of your analysis and results. Please be neat!

1. Consider the State of Rhode Island's Qualified Jobs Incentive Tax Credit program(described here:https://commerceri.com/tax-credits-and-financing/). The program provides per-job subsidies. The goal of the program is to increase high-skill employment in the state.
2. Using a model of the high-skill job market, analyze how the program is intended to work. Assume that the market is perfectly competitive. Summarize the expected effects on wages and employment.
3. Will the program affect the efficiency of the labor market? Explain your response.
4. Will the subsidy for high-skilled workers affect the market for low-skilled
5. workers in Rhode Island? Really think about this question. If there is more than one possible outcome, analyze all. Provide an explanation.
6. Minimum Wage

a)Provide an analysis of how the minimum wage is likely to affect the market for low-skilled workers. To make the analysis easier, assume that all markets are perfectly competitive and there is no minimum wage at time 0 and then introduce the minimum wage at time 1.

b)Does the time horizon matter? (long run versus short run)

c.Does your assumption about perfect competition in the product market affect your predictions? How?

d.Could the minimum wage indirectly affect the market for skilled workers? Explain.

e.What is the goal of minimum wage policy? Is this goal achieved? Explain briefly