Those who argue that welfare programs are a drag on the economy are of the view that welfare programs funded by taxes:
a. reduce the opportunity cost of labor.
b. raise the incidence of poverty and income inequality.
c. raise the incentive to work.
d. reduce the tax-liability of the tax-payers.
e. reduce the demand for labor.
b
You might also like to view...
Suppose bad weather decreases the quantity of wheat by 12 percent. If the price elasticity of demand for wheat is 0.6, how would the crop failure affect the price of wheat? Would the crop decrease benefit or harm wheat farmers?
What will be an ideal response?
Which of following was a period of below-average economic growth in the United States?
A) the 1920s B) the 1960s C) the 1930s D) all of the above
Decreasing returns to scale may occur as increasing the amount of inputs used
A) increases specialization. B) always increases the amount of output produced. C) may cause coordination difficulties. D) increases efficiency.
Many of the Fed's actions were aimed squarely at stopping the downward spiral of falling assets prices
a. True b. False