How might the existence of federally funded programs for the poor reduce the amount of charitable giving?
What will be an ideal response?
The very existence of federally funded programs for the poor may reduce charitable giving because taxpayers may rightly judge that they have already "given" in the form of their taxes. In other words taxpayer might take this into account before figuring out how much to give to private charities.
You might also like to view...
Which of the following companies was not founded by immigrants?
A. eBay B. Google C. Intel D. Apple
Hamid spends an hour studying instead of watching TV with his friends. The opportunity cost to him of studying is
a. the improvement in his grades from studying for the hour. b. the improvement in his grades from studying minus the enjoyment of watching TV. c. the enjoyment he would have received if he had watched TV with his friends. d. zero. Since Hamid chose to study rather than to watch TV, the value of studying must have been greater to him than the value of watching TV.
Small denomination time deposits are included in
A. M1 only. B. M2 only C. M1 and M2. D. M2 and M3. E. M1, M2, and M3.
The formula for the elasticity of supply is
A. The percentage change in price divided by the percentage change in quantity supplied. B. The percentage change in quantity supplied divided by the percentage change in income. C. The percentage change in price divided by the percentage change in quantity demanded. D. The percentage change in quantity supplied divided by the percentage change in price.