What were four major provisions of the Temporary Assistance to Needy Families (TANF) reform of the welfare system?
What will be an ideal response?
First, it set a lifetime limit of 5 years for receiving TANF benefits and required those who were able to work after receiving benefits for 2 years. Second, it ended food stamp support for those working or participating in job training. Third, it made it more difficult to define children as “disabled” for low-income family eligibility for Supplemental Security Income (SSI) assistance. Fourth, it set a 5-year waiting period for non-citizen immigrants who sought public assistance.
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Beth can paint 2 T-shirts in an hour while her brother can paint 1 T-shirt in an hour. However, her brother can paint 2 walls in an hour while she can paint only one. Who should specialize in which activity and why?
What will be an ideal response?
What are some of the forms that central planning has taken in developing nations today?
What will be an ideal response?
Which of the following is not a characteristic of pollution permits?
a. Prices are set by supply and demand. b. Allowing firms to trade their permits reduces the total quantity of pollution beyond the initial allocation. c. Real-world markets for pollution permits include sulfur dioxide and carbon. d. Firms for whom pollution reduction is very expensive are willing to pay more for permits than firms for whom pollution reduction is less expensive.
If 10 years ago, the price of a movie ticket was $5 and the average hourly wage was $10, and today the price of a movie ticket is $8 and the average hourly wage is $20, then
A. movies are now relatively cheaper in terms of work hours. B. movies are now relatively more expensive in terms of work hours. C. the relative price of movies has remained constant. D. workers now need to work longer hours to earn one movie ticket.