The iron triangle means there are inevitable trade-offs between the three key aims of welfare policy. Complete the sentences below which describe this policy trilemma using phrases from the drop down lists next to each gap. You may use each phrase more than once. Cutting benefits available to the unemployed will help but will not help . Reducing the basic rate of income tax will help but will not help save money immediately on the government's budget improve incentives to take employment raise the living standards of the poorest households

The iron triangle means there are inevitable trade-offs between the three key aims of welfare policy. Complete the sentences below which describe this policy trilemma using phrases from the drop down lists next to each gap. You may use each phrase more than once. Cutting benefits available to the unemployed will help but will not help . Reducing the basic rate of income tax will help but will not help save money immediately on the government's budget improve incentives to take employment raise the living standards of the poorest households

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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