Questions: The Earned Income Credit is one alternative to controls.

The Earned Income Credit is one alternative to controls.
Transcript text: The Earned Income Credit is one alternative to $\square$ controls.
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Solution

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The Earned Income Credit (EIC) is one alternative to wage controls.

Explanation:

  1. Earned Income Credit (EIC): The EIC is a refundable tax credit for low- to moderate-income working individuals and families, particularly those with children. It is designed to encourage and reward work while offsetting the burden of payroll taxes.

  2. Wage Controls: These are government-imposed limits on the wages that can be paid to employees. Wage controls are typically used during times of economic crisis to curb inflation or stabilize the economy.

  3. Comparison: The EIC serves as an alternative to wage controls by providing financial support to low-income workers without directly interfering with wage levels set by employers. Instead of limiting wages, the EIC boosts the income of eligible workers through the tax system, thereby increasing their overall financial well-being.

In summary, the EIC is a policy tool that supports low-income workers through tax credits rather than direct wage regulation.

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