Government programs, such as Social Security, food stamps, AFDC, SSI, Medicare, and Medicaid, that guarantee particular levels of transfer payments to all who fit the programs' criteria are called:
A. Public assistance programs
B. Social insurance programs
C. Benefit-reduction programs
D. Entitlement programs
D. Entitlement programs
You might also like to view...
A monopolistic competitor faces a horizontal demand curve
a. True b. False Indicate whether the statement is true or false
Transfer payments represent income that is not earned but received by individuals
a. True b. False Indicate whether the statement is true or false
If a consumer's total cost of purchasing a basket of goods increases from $600 in 2012 to $800 in 2015, it implies that the inflation rate is _____ percent
a. 33.33 b. 20 c. 20.33 d. 30.23
Refer to Figure 6.5. The substitution effect is shown by the movement:
A. from point A to point B.
B. from point A to point C.
C. from point B to point C.
D. from point B to point A.