Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
They ensure equal income for all workers.
B
They can reduce income disparities by providing a safety net and guaranteeing a basic income level.
C
They have no effect on income disparities.
D
They increase income disparities by discouraging employment.
Understanding the Answer
Let's break down why this is correct
Answer
Minimum wage laws and social welfare programs play important roles in shaping income disparities within a nation. Minimum wage laws set a legal floor for how much workers can be paid, which helps ensure that even low-paying jobs provide a basic level of income. For example, if the minimum wage is increased, low-income workers have more money to spend, which can improve their standard of living and reduce the income gap. On the other hand, social welfare programs, like unemployment benefits or food assistance, provide financial support to those in need, helping to lift some families out of poverty. Together, these measures can help narrow the income disparities by providing both a stable income for workers and support for those facing hardships.
Detailed Explanation
Minimum wage laws help workers earn a basic amount of money. Other options are incorrect because Some might think these laws make everyone's income the same; It's a common belief that these laws don't change anything.
Key Concepts
minimum wage laws
social welfare programs.
Topic
Income Disparities in Nations
Difficulty
medium level question
Cognitive Level
understand
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