Microeconomics (MindTap Course List)
10th Edition
ISBN: 9781285859484
Author: William Boyes, Michael Melvin
Publisher: Cengage Learning
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Question
Chapter 19, Problem 10E
To determine
To state:
the transfer/ welfare programs actually lead to an increase in the number of people living in poverty.
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Although it is hard to separate the causes of poverty from the effects, there is no doubt that poverty is associated with various economic and social ills. Suppose that you were a policymaker in the government and your goal was to reduce the number of people living in poverty. How would you achieve this goal?
In social welfare programs, there is no way to change either the benefit reduction rate or the benefit guarantee to simultaneously achieve all three goals of encouraging work, redistributing more income and lowering costs.
What is this dilemma called?
How can The Tax Reform for Acceleration and Inclusion Law (TRAIN Law) will lessen or worsen poverty in the Philippines?
Chapter 19 Solutions
Microeconomics (MindTap Course List)
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Similar questions
- List three policies that can affect the level of economic inequality.arrow_forwardHow is human poverty different from income poverty?arrow_forwardIf the poverty threshold is approximately $16,000 for a household of three, what is the ratio of income to poverty for a household of three that earns $12,000? 1.33 0.75 1.20 0.90arrow_forward
- What makes the Earned Income Tax Credit (EITC) different from other poverty-fighting programs? The amount of the credit is doubled if the head of household is attending college. The tax credit is phased out gradually, rather than at a specific income cutoff point. The amount of the credit is not determined by the number of dependent children in the household. The EITC doesn't require the recipient to pay a minimum amount of income tax in order to receive the credit. It creates less of an incentive to work than other programs.arrow_forwardHow is food security and employment linked to poverty?arrow_forwardPoverty is measured by the number of people who fall below a certain level of income—called the poverty line—that defines the income one needs for a basic standard of living. The official definition of the poverty line traces back to Group of answer choices A)The Great Depression B)Mollie Orshansky, whose idea was to define a poverty line based on the cost of a healthy diet. C)1953 and the ability to pay for housing and food. D)The 1965 cost of providing food, housing, and transportation.arrow_forward
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