What is a policy that could help recipients of government aid avoid the poverty trap?
a. Providing aid regardless of a person’s income
b. Requiring recipients to perform community service
c. Setting a time limit for how long benefits can be received
d. Limiting the amount of benefits a person can receive
c. Setting a time limit for how long benefits can be received
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Explain the difference between substitutes and complements
What will be an ideal response?
A long term goal of the NAFTA member countries is to integrate their economies into a single economic entity with a common currency as well as common trade policies and internal factor mobility
Indicate whether the statement is true or false
Historically, the AMT has always affected a significant number of taxpayers
a. True b. False
If a 15% increase in price for a good results in a 20% decrease in quantity demanded, the price elasticity of demand is
a. 0.75. b. 1.25. c. 1.33. d. 1.60.