Refer to Graph 2. Suppose the TANF program is established. What is the individual’s consumption if they spent all of their time in leisure? Do not include a dollar sign when writing your answer. Guess: 10,000 (with margin: 0)
Economics: Public Economics
Question: 1
Refer to Graph 2. Suppose the TANF program is established. What is the individual’s consumption if they spent all of their time in leisure? Do not include a dollar sign when writing your answer.
Guess: 10,000 (with margin: 0)
Question: 2
Refer to Graph 2. For every dollar earned by the individual below the cutoff (such that they are eligible for TANF), benefits decrease by how much? Do not include a dollar sign when writing your answer.
Guess: 0.5 (with margin: 0)
Question 3:
Which of the following types of balanced budget requirements (BBRs) are least effective in restricting deficits?
a. ex post BBRs
b. neither ex ante nor ex post BBRs
c. both ex ante and ex post BBRs
d. ex ante BBRs
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