Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

Some employees in a low-paid job choose to put in extra hours in order to raise their disposable income. However, this choice cuts state-provided benefits, so they end up worse off. What does this describe?

  • Adebt trap
  • Bliquidity trap
  • Cpoverty trap
  • Dunemployment trap

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