Which of the following best defines the safety net?
a. A group of government programs that assist the poor and near-poor
b. A method of assisting the middle class through the tax system
c. A method of redistributing income from higher to lower earning brackets
d. A group of government programs that provide workforce training and skills
a. A group of government programs that assist the poor and near-poor
You might also like to view...
Instruments which provide payments to holders of bonds in the event of default are known as ________
A) collateralized bond obligations B) tertiary payment devices C) credit default swaps D) mortgage-backed securities
The Fisher index
A) uses the arithmetic mean of the Paasche index and the Laspeyres index. B) uses the standard deviation of the Paasche index and the Laspeyres index. C) uses the geometric mean of the Paasche index and the Laspeyres index. D) uses the harmonic mean of the Paasche index and the Laspeyres index.
Suppose consumers save 17 percent of their incomes. If the government collects 10 dollar in taxes from each taxpayer and invested it in infrastructure, total social investment will ________ per taxpayer.
A. increase by $10.17 B. increase by $8.30 C. decrease by $1.70 D. decrease by $8.30
When the price of a good rises, consumers buy a smaller quantity because of the ________ effect and the ________ effect
A) substitution; income B) normal; inferior C) substitute; complement D) supply; demand