Which of the following statements is not correct?
a. Two key elements of welfare reform are work requirements and limiting the time that recipients can receive benefits.
b. The Earned Income Tax Credit (EITC) is very similar to a negative income tax.
c. Minimum wage laws will likely increase unemployment.
d. The elderly are more likely to be poor than single mothers.
d
You might also like to view...
A price below the equilibrium price results in
A) a surplus. B) a shortage. C) excess supply. D) a further price fall.
For a monopolist, the marginal revenue gained when one more unit of output is sold is
A) the price at which the extra unit is sold minus the loss in revenue that results from cutting the price on units sold previously. B) equal to the price of the product. C) negative if price is above the midpoint of the demand curve. D) the average revenue created by the increased sales.
Which of the following will not increase when net taxes decrease?
a. Saving b. Disposable income c. Consumption d. Government expenditure e. GDP
Cruz earned $500 a week in 2003, the base year; by 2009 she was earning $700. If the consumer price index was 150 in 2009, how much were Ms. Cruz's real wages that year, and by what percentage had they changed?
What will be an ideal response?