Why did classical liberals argue against creating a welfare state?

Q: Is Income determined by the Scarcity of Your Contribution, and Not the Value of Human Worth?

A: ANSWER Scarcity refer to the basic economic problem- the gap between limited resources and limitless…

Q: Under the Temporary Assistance for Needy Family law, how are funds distributed? Select the correct…

A: Social Security refers to the United States’ government scheme that gives out financial aids to the…

Q: Which program has the highest expenditure per enrolle in the US?

A: Expenditure per enrollee means the share of government spending including both Federal and states.

Q: What is microeconomics How does inflation help in the redistribution of income? A) Disproportional…

A: Microeconomics is the study of individuals, households and firms' behavior in decision making and…

Q: what would happen if Governments increase the level of welfare payments.

A: Welfare benefits are government implemented programs that help in increasing the standard of living…

Q: How to redistribute income to reduce poverty, without causing loss of economic incentives.

A: Answer: Redistribution of income to reduce poverty can be achieved through the following ways:…

Q: What happens to fixed income when per capita incomes increases

A: The measure that depicts total income being earned in an economy by the total population of the…

Q: What is the concept of "market" according to Milton Friedman and what is the role of Goverment in…

A: The place where there is the purchase and sale of goods and services between buyers and sellers for…

Q: Should the government replace the wages of anyone who is unemployed? How might this affect output…

A: If unemployed person paid by a fixed amount by the state or trade unions, is known as the…

Q: How is a lack of income is the root cause of most social problems?

A: Income:Income refers to the money which an individual or business gets in return for giving work.…

Q: from December 2015 through December 2018, , the Fed raised the target level for the federal funds…

A: A yield curve is also known as “term structures of interest rates” is a line graph which plots the…

Q: In what ways does the united States government safety net fail for low-income people?

A: The social safety net, or America's complex system of public benefits and supports, has proved to be…

Q: Unemployment can  best be reduced  through the Use of demand side policies.Do you agree? Justify…

A: Unemployment refers to the situation in which a person who is actively looking for a job is not able…

Q: Mark Zuckerberg of Facebook and Elon Musk of Space X have taken risks to build to their businesses…

A: Tax is the compulsory payment made by private and institutions to the government without having any…

Q: What is the relationship between the low-interest rate and inequality?

A: The central bank's political economy policy is thought as financial policy. it's a demand-side…

Q: Which of the following is part of mandatory outlays?   A. Income assistance B. Defense spending…

A: A Outlay happens when Federal cash is really paid out, not simply vowed to be paid ("obligated").…

Q: Is inflation a progressive or regressive tax?

A: In a progressive tax system, individuals with a higher income pay a larger percentage of their…

Q: Not counting Social Security, should the government force people to save money in personal accounts…

A: The government should definitely promote savings in the economy, just as much as the ideal amount.…

Q: How does China's one-child policy show the influence government can have on a population?

A: The Chinese government enacted the one-child policy, which stipulated that the great majority of…

Q: do you not have to take the income forgone in the time spent raising each child to adulthood,…

A: Solving the household's optimization problem in economics, it is crucial to account for all relevant…

Q: Why does the ‘inflation tax’ transfer resources from working people to the government? Explain…

A: In economics, inflation is defined as the gradual rise in the price of goods and services in a given…

Q: True/False Questions 1. When the government redistributes income with taxes and welfare, the economy…

A: The transfer of income and wealth (including physical property) from some persons to others by a…