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Minimum wage: Quiz


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Question 1: This disagreement usually takes the form of competing empirical tests of the elasticities of demand and supply in labor markets and the degree to which markets differ from the efficiency that models of ________ predict.
Mathematical economicsNeoclassical economicsPerfect competitionJEL classification codes

Question 2: Acccording to ________, lead to the outsourcing of domestic manufacturing jobs to other countries.
WorldNetDailyBarack Obama citizenship conspiracy theoriesPat BuchananBarack Obama

Question 3: Gary Fields, Professor of Labor Economics and Economics at ________, argues that the standard "textbook model" for the minimum wage is "ambiguous", and that the standard theoretical arguments incorrectly measure only a one-sector market.
Columbia UniversityBrown UniversityRutgers UniversityCornell University

Question 4: Such a system is slightly different than a ________, in that the refundable tax credit is usually only paid to households that have earned at least some income.
Land value taxNegative income taxFlat taxCentral bank

Question 5: According to economists Donald Deere (Texas A&M), Kevin Murphy (________), and Finis Weltch (Texas A&M), Card and Krueger's conclusions are contradicted by "common sense and past research".
University of ChicagoIllinois Institute of TechnologyNorthwestern UniversityUniversity of Illinois at Chicago

Question 6: The ability of the earned income tax credit to deliver a larger monetary benefit to poor workers at a lower cost to society was recently documented in a report by the ________.
Congressional Budget OfficeSaxbe fixUnited States SenateUnited States Congress

Question 7: Examples of refundable tax credits include the ________ and the additional child tax credit in the U.S., and working tax credits and child tax credits in the UK.
Earned Income Tax CreditUnited KingdomUnited StatesDenmark

Question 8: A ________ (or negative income tax) is a system of social security, that periodically provides each citizen with a sum of money that is sufficient to live on.
Minimum wageBasic incomeFriedrich von HayekGuaranteed minimum income

Question 9: (See also: ________)
Tables of historical exchange rates to the USDList of statistically superlative countriesList of minimum wages by countryList of countries by exports

Question 10: the ________) at reducing poverty, and is more damaging to businesses than those other methods.
DenmarkEarned Income Tax CreditUnited KingdomUnited States


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