Describe four major income maintence programs

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1. What is externality? Why don't people take into consideration the external costs of their actions?

2. Describe four major income maintence programs in the United States.

3. Suppose a union negotiates a wage that is above the market-clearing wage. What problems does this union have to solve now? Explain.

4. Explain the implications of outsourcing for employment and wages in the domestic and foreign labor markets/

Reference no: EM131113530

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Describe four major income maintence programs : What is externality? Why don't people take into consideration the external costs of their actions? Describe four major income maintence programs in the United States. Suppose a union negotiates a wage that is above the market-clearing wage. What prob..

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