In Job X, the employer gets a gross benefit of $600 a week from employing a worker (this is the highest wage the employer will pay). The worker is willing to work for the employer if paid $400 a week or more. Which of the following is Pareto efficient?
a. a law mandating a minimum wage of $650 a week.
b. a law mandating a maximum wage of $300 a week.
c. a law allowing the employer to pay whatever wage they want
d. a law mandating a chauffeured car, costing $250 a week and valued by the worker at $10, be provided by the employer
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Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false
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In Job X, the employer gets a gross benefit of $600 a week from employing a worker (this is the high...
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