Which of the following statements about the Earned Income Tax Credit Program (EITC) program is FALSE?
A. It is the largest poverty reduction program in the U.S..
B. It provides rebates of Social Security taxes to low-income workers.
C. On net the EITC discourages work by low- or moderate- income earners more than it rewards work.
D. Recipients who receive benefit payments under Social Security are also eligible for SSI.
Answer: D
You might also like to view...
Which of the following is not one of the four anti-competitive activities outlined in the Clayton Act?
a. Price discrimination. b. Exclusive buyer/seller contracts. c. Buying a competitor's voting stock. d. Buying a competitor's plants and equipment. e. Interlocking boards of directors.
During periods when the inflation rate fluctuates widely,
a. all relative prices increase at the same rate, leaving money prices constant b. economic efficiency increases because decision makers pay closer attention to changes in money prices c. uncertainty about changes in relative prices causes a decrease in economic efficiency d. all money prices increase at the same rate, leaving relative prices constant
Identify the correct statement.
What will be an ideal response?
Assume that Down Slope specializes in producing snow boards and Seven Seas specializes in producing scuba tanks. After trade, Down Slope exports 2,000 snow boards and imports 400 scuba tanks. The terms of trade
A. are 1:5 snow boards to scuba tanks. B. are 1/5:1 snow boards to scuba tanks. C. are 5:1 snow boards to scuba tanks. D. cannot be determined from this information.