is a poor person more.likely to.benefit frome.$100 a.month worth of food stamps (that can.be use only to buy food) or $ 100 a month worth of clothing stamps ( that can oy be uses to buy clothing)? why?
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- A family with a monthly income of $2200 spends $850 for rent $225 for utilities and $325 for food. What percent of the family income is spent for cach?expain a bucket economyConsider your decision about how many hours towork.a. Draw your budget constraint assuming thatyou pay no taxes on your income. On the samediagram, draw another budget constraintassuming that you pay a 15 percent income tax.b. Show how the tax might lead you to work morehours, fewer hours, or the same number of hours.Explain.