There is a tendency for individuals below the poverty line to remain there due to the structure of America's safety-net incomestabilization programs. Economists call this phenomena a policy inducedSelect one:a. poverty lineb. poverty trapc. minimum standard of livingd. income inequality The bench market for the income level necessary to maintain a basic standard of living is based on research from which U.S.agency?Select one:O a. U.S Department of Health and Human ServicesO b. U.S Department of Commercec. U.S Department of Agricultured. U.S Department of State

There is a tendency for individuals below the poverty line to remain there due to the structure of America's safety net-income stabilization programs. The tendency in which it becomes difficult for the poor to come out from the poverty and hence they remain poor is known as poverty trap. So option b is correct. The benchmark for the income level necessary to maintain a standard of living is based on U.S department of commerce. So option b is correct.

Business

Economics

The bench market for the income level necessary to maintain a basic standard of living is based on research from which U agency? Select one: O a. U.S Department of Health and Human Services b. U.S Department of Commerce c. U.S Department of Agriculture d. U.S Department of State

The bench market for the income level necessary to maintain a basic standard of living is based on research from which U agency? Select one: O a. U.S Department of Health and Human Services b. U.S Department of Commerce c. U.S Department of Agriculture d. U.S Department of State

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Which of the following is NOT a common criticism of the focus on economic efficiency as a measure of welfare? Economic efficiency is based only on results and not on process. O The assumption that willingness to pay measures marginal benefit ignores ability to pay. OA situation can be economically efficient but also considered to be unfair. OUsing monetary values for measurements ignores feelings and perceptions.
Can
QUESTION 19 Which of these is NOT a component of the 2016 Social Security reform proposal by Democratic lawmakers? O a. an increase in minimum benefits to 25% above the poverty line b. an increase in benefits by 2% for all recipients O c. a more generous cost-of-living adjustment O d. lower payroll taxes
38
When Ann's income increased from $100,000 to $120,000, her income tax payment increased from $22,000 to $30,000. Ann's average tax rate is and her marginal tax rate is A. 25 percent; 25 percent B. 40 percent; 25 percent C. 40 percent; 40 percent D. 25 percent; 40 percent
1. Working with Numbers and Graphs Q1 The following table shows the income distribution of an economy. Quintile Lowest fifth Second fifth Third fifth Fourth fifth Highest fifth Income Share (Percent) 18 19 20 21 22
5
Cumulative Percent of Income 100 90- 80 70 60 50 40 30 20 10 10 20 All HATB TA 30 40 50 60 70 Cumulative Percent of the Population 80 I 90 100
Help
According to a US Census Bureau survey in 2014 Muple Choice O ● O 25.03 63 55 55.35 percent of unauthorized immigrant households used at least one form of welfare, as compared to percent of a migrant households households with a c
25. Which of the following statements is correct? a. A disadvantage of a minimum-wage law is that it may benefit unskilled workers who are low income workers. b. A disadvantage of a negative income tax program is that a poor person who chooses not to work many hours would not receive a cash benefit. c. There are no disadvantages to minimum-wage laws, negative income taxes, or the Earned Income Tax Credit (EITC). d. A disadvantage of an Earned Income Tax Credit (EITC) is that a person who is unable to work due to a disability does not benefit from the program.