If the U.S. government considers the value of in-kind transfers, the U.S. poverty rate decreases.
Answer the following statement true (T) or false (F)
True
In-kind transfers allow poor families to enjoy a higher living standard than their cash incomes imply. Adding those transfers to cash incomes would bring the U.S. poverty count down into the 9-11 percent range because currently only cash income is considered.
You might also like to view...
A decrease in the supply of steel results in a shortage of steel at the original equilibrium price. Explain how market forces will act to eliminate the shortage
What will be an ideal response?
When Americans decrease their demand for Japanese goods,
A) the supply of dollars will rise, and the demand for yen will rise. B) the demand for dollars will rise, and the demand for yen will rise. C) the supply of dollars will fall, and the demand for yen will fall. D) the demand for dollars will fall, and the demand for yen will rise.
The additional pleasure or satisfaction from a good declines as more of it is consumed in a given period. This is the definition of the
A. Total revenue rule. B. Law of demand. C. Law of diminishing marginal utility. D. Law of diminishing total utility.
If U.S. consumers increase their spending on electric cars by 10 percent, and 10 percent more electric cars are produced, this is known as the
A. majority rule. B. proportional rule. C. profit rule. D. government rule.