Which is the most accurate statement?
A. The authority to run welfare programs resides mainly in the states.
B. The authority to run welfare programs resides mainly in the federal government.
C. When the 1996 welfare reform passed, it immediately removed 3 million people from the welfare rolls.
D. The welfare reform law of 1996 will virtually abolish welfare by the year 2008.
A. The authority to run welfare programs resides mainly in the states.
You might also like to view...
Marty's Bird House suffers a short-run loss. Marty can reduce his loss below the amount of his total fixed costs by continuing to produce if his revenue
A) exceeds his implicit costs. B) exceeds his nonmonetary opportunity costs. C) exceeds his marginal costs. D) exceeds his variable costs.
A capital ________ can promote financial instability in an emerging-market country because it is what forces a country to ________ its currency
A) inflow; devalue B) inflow; revalue C) outflow; devalue D) outflow; revalue
When incentives to earn income are distorted by income redistribution programs,
a. losses can exceed potential gains from greater equality of income. b. total income in an economy can fall. c. total utility in society can fall. d. All of the above are correct.
If Bank A sells some its loans to Bank B for cash, everything else equal:
A. Banks A's total assets do not change, but Bank A is more liquid. B. Bank A's liabilities decrease by the amount of the loans that are sold. C. Bank A becomes less liquid while Bank B becomes more liquid. D. Bank A's assets decrease and Bank B's assets increase.