Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 78, Problem 4MCQ
To determine
The programs which are designed to help only those with low incomes.
Expert Solution & Answer
Answer to Problem 4MCQ
From the available options, the correct option is means-tested programs.
Explanation of Solution
Means-tested programs are designed to support only people who have low incomes because this program limits the eligibility to individuals as well as family members whose income, earnings, or assets are below the pre-determined level of income. Whereas welfare programs are for social benefit program, income maintenance programs are for financial assistance, and in-kind programs support the people who involve in a particular type of spending.
Therefore, the correct option is e (means-tested programs).
Economics Concept Introduction
Introduction: The Means-tested programs are the programs that limit the eligibility to individuals as well as family members whose income, earnings, or assets are below the pre-determined level of income or pre-determined threshold.
Chapter 78 Solutions
Krugman's Economics For The Ap® Course
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