If an individual is indifferent about being an entrepreneur, her her opportunity cost of entrepreneurship. O A. losses from entrepreneurship are likely to be equal to O B. returns to entrepreneurship are likely to be equal to O C. returns to entrepreneurship are likely to be greater than O D. losses from entrepreneurship are likely to be greater than The Earned Income Tax Credit (EITC) provides low-Income workers with a refundable tax credit (reducing the tax obligations of the worker), The recipient must have a job, and the amount of the credit depends on marital status, income, and number of children Which of the following outcomes is likely to be true if there is an expansion of the EITC policy rather than an increase in the minimum wage? O. A. An expansion of the EITC policy wil lead to a decrease in involuntary unemployment, while an increase in the minimum wage will result in an increase in involuntary unemployment B. An expansion of the EITC policy will lead to an increase in voluntary unemployment, while an increase in the minimum wage will result in a decrease in voluntary unemployment C. An expansion of the EITC policy will not lead to an Increase in cyclical unemployment, while an increase in the minimum wage will result in an Increase in frictional unemployment Which of the following is likely to be a disadvantage of the EITC? O A. It could reduce the labor participation rate of low income individuals as they will try to meet the eligibility criteria B. It could increase Involuntary unemployment among low income individuals as they will try to meet the eligibility criteria C. It could increase cyclical unemployment in a country The graph on the right shows a labor market in equilibrium. The equilibrium wage is $10 per hour. At this wage, there are people who are not working, which is represented by the segment of the labor supply curve above the equilibrium wage Why are these people not working in this market? Labor supply O A. These people have decided not to work right now, regardless of the wage curve O B. Those people are only willing to work for wages above the market-clearing wage # 10 C. These people applied for employment at $10 per hour but were not hired by the firm O) D. This represents those who are not yet 16 years of age and therefore not eligible to work Labor demand curve Quantity of labor