Why are government welfare programs often called entitlement programs?
A. Because every U.S. citizen, regardless of income, is entitled to receive benefits under these programs.
B. Because everyone living in the U.S., whether the person is a citizen or not, is entitled to a minimum level of income.
C. Because those who fail a means test are eligible for cash assistance but not in-kind transfers.
D. Because people whose income is below a certain level are entitled to government assistance.
Answer: D
You might also like to view...
If there are only a few producers of substitutes for Good X, a merger between producers of Good X and any one of them could significantly _____ for Good X
a. decrease the elasticity of demand. b. increase the elasticity of supply. c. decrease the elasticity of supply. d. increase the elasticity of demand.
Which of the following is not a function performed by the Federal Reserve?
a) To clear checks. b) To maintain the money supply. c) To establish more effective supervision of the banking system in the United States. d) To keep interest rates low.
Which of the following forms of unemployment probably imposes the greatest personal costs?
A. Cyclical unemployment B. Structural unemployment C. Frictional unemployment D. Voluntary unemployment
What is meant by saying that automatic fiscal policy is countercyclical?
What will be an ideal response?