Answer the following statements true (T) or false (F)
1. All social insurance programs are welfare or public charity programs.
2. The Social Security program is financed with funds from general tax revenues of the Federal government.
3. Eligibility for social insurance programs is largely on the basis of need and "means tests".
4. The Supplemental Nutrition Assistance Program (formerly the food-stamp program) mostly pays out cash-vouchers to eligible households.
5. The Temporary Assistance for Needy Families (TANF) that replaced the old Aid for Families with Dependent Children welfare program succeeded in reducing the number of welfare recipients and increasing the employment rate among single mothers.
1. F
2. F
3. F
4. F
5. T
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A. raise taxes. B. lower taxes. C. raise government spending. D. put people to work in government jobs.
Refer to Table 2-15. What is Jack's opportunity cost of mowing a lawn?
A) one-half of a garden cultivated B) two lawns mowed C) two-thirds of a garden cultivated D) one and a half lawns mowed
A strikebreaker is
A) a temporary worker hired by a company to replace a union member who is striking. B) when the President imposes a cooling-off period. C) someone who engages in featherbedding. D) a secondary boycott.
An official agreement with another country to restrict the quantity of its exports to the U.S. is
A) a regional trade bloc. B) the quota system. C) a voluntary import expansion. D) a voluntary restraint agreement.