The 1996 Welfare reform laws had the impact of
A. increasing work by welfare recipients.
B. eliminating poverty.
C. halving the number of people in poverty.
D. doubling the poverty rate.
Answer: A
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Changes in which of the following factors do NOT shift the demand curve?
A) the price of the good B) buyers' incomes C) the price of a substitute good D) the number of buyers E) the price expected in the future
Under a marginal cost pricing rule, a regulated natural monopoly
A) makes a positive economic profit and there is a deadweight loss. B) makes zero economic profit and there is no deadweight loss. C) incurs an economic loss and there is a deadweight loss. D) incurs an economic loss and there is no deadweight loss.
For a single restriction (q = 1), the F-statistic
A) is the square root of the t-statistic. B) has a critical value of 1.96. C) will be negative. D) is the square of the t-statistic.
If a government has an active surplus and is below full employment, then:
a. The actual deficit must be less than the passive deficit. b. The actual deficit must be greater than the passive deficit. c. The actual deficit must be greater than the active surplus. d. Fiscal policy must be stimulatory and moving the nation closer to full employment.