The purpose of the Earned Income Tax Credit Program (EITC) is to
A) provide rebates of Social Security taxes to low-income workers.
B) encourage low- and moderate-income workers to take second jobs to increase their income.
C) provide in-kind services such as food stamps and public housing to those individuals who have poor credit.
D) give tax credits to low-income individuals who do volunteer work in their communities.
Answer: A
You might also like to view...
An increase in the supply of oranges in a town drives down its price by 5 percent. Which of the following changes will be observed in the market?
a. The demand for oranges will decrease. b. The demand for oranges will increase. c. The quantity of oranges demanded will increase. d. The quantity of oranges demanded will decrease.
In the first six months of 2003, branches of Commerce Bank in New York City were robbed 14 times
The New York City Police recommended steps the bank could take to deter robberies, including the installation of plastic barriers called "bandit barriers." The police were surprised the bank did not take their advice. According to a deputy commissioner of police, "Commerce does very little of what we recommend. They've told our detectives they have no interest in ever putting in the barriers." It would seem that Commerce Bank would have a strong incentive to install "bandit barriers" to deter robberies. Why wouldn't they do it? A) The banks must have weighed the cost of installing bandit barriers against the benefits and decided that they have "no interest in ever putting in the barriers." B) The banks probably resent any interference from the police department. C) The banks would rather delay installation of any theft deterring equipment in anticipation of new, lower-cost innovations in the security devices market. D) The banks are concerned that "bandit barriers" would send the wrong message to customers — that the bank is unsafe.
The Fed's forward guidance in 2011 and early 2012 was framed in terms of keeping interest rates low
A) for an extended period. B) at least until a particular date in the future. C) based on outcomes for the unemployment rate and inflation rate. D) until the next Presidential election.
The existence of diseconomies of scale (size) for the firm is hypothesized to result from:
a. transportation costs b. imperfections in the labor market c. imperfections in the capital markets d. problems of coordination and control encountered by management e. All of the above