In some cases, employment subsidies are provided to firms in order to encourage employment by these firms. What would the impact of these kind of subsidies be on the labor market?
If employment subsidies are provided to firms in order to encourage employment by these firms, then the quantity of labor supplied will exceed the quantity of labor demanded, so there will be a surplus of labor.
The moment you’ve entered the education system is the moment you start to realize that, although studying is extremely important,…
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