A 1996 bill reforming the federal government’s antipoverty programs limited many welfare recipients to only two years of benefits. a. How does this change affect the incentives for working? b. How might this change represent a trade-off between equality and efficiency?

Q: Why should policymakers think about incentives?

A: The incentives refer to the extra income given to the people who had worked for additional hours. In…

Q: Which of the following is considered an economic factor ? Select one: a. leadership b. taxes c.…

A: Economic factors are those factors affect the economy as a whole that can connect and influence a…

Q: How can the profit motive lead to income inequality? (Pages 33 – 35) pages 33 Investment is…

A: The motive of profit is the intension of receiving monetary gains in a transaction. It is an…

Q: . A 1996 bill reforming the federal government’santipoverty programs limited many welfarerecipients…

A: Answer: Introduction: The antipoverty programs that limit welfare recipients to only 2 years of…

Q: Liberal view, which prevails in economics education today, ......... choose one or more a) society…

A: Social economics in recent liberal times being an important branch of economics and social science…

Q: Why must the government should prioritize the end of poverty and hunger?

A: Poverty is defined as a state in which a person lacks financial resources and essential goods for…

Q: What is the opportunity cost of your MBA education? How does the opportunity cost to you change if…

A: Opportunity cost is the foregone benefit from an alternative selected.

Q: the difference between mercantilism, liberalism, and Marxism. How does each view the purpose of…

A: Mercantilism was a trade-related economic policy that mainly existed from the 16th to the 18th…

Q: Why social enterprise considered as an alternative platform that can alleviate the plight of the…

A: In an economy, social enterprise refers to the one in which government has the major share and the…

Q: Stephanie has $200 left over this week, and she wants to contribute to a charitable cause. She can…

A: The opportunity cost is the monetary value of the next best alternative that is foregone while…

Q: How do major issues that emerged in the 1980's- for example AIDS, The War On Drugs, and mass…

A: Answer in Step 2

Q: Why must the government focus on the end of poverty and hunger?

A: Poverty causes hunger. Millions live with hunger and malnourishment since they basically can't bear…

Q: Timothy quits his job which pays $65 900 a year to enrol in a 2-year graduate program. His annual…

A: Opportunity cost measures the trade-off between two goods.

Q: The opportunity cost of going to school instead of working is the cost of a) housing. b) potential…

A: In financial matters, the cost analysis incorporates two unique sorts of expenses. The first is the…

Q: Beginning in the late 1970s, economic reform in China allowed farmers, for the first time, to keep a…

A: China started a series of economic reforms in 1979. The central government provided farmers with…

Q: Suppose you have a choice of working full-time during the summer or going full-time to summer…

A: Suppose you have a choice of working full-time during the summer or going full-time to summer…

Q: . Can you do anything to reduce the number of people in the following categories? If so, what?

A: Frictional unemployment defines the number of people unemployed as a result of dropping from one job…

Q: As you know about the market (like perfect and imperfect) write in your words about the market which…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: "Do Men and Women Earn the Same Amount?"  Please give a reason behind your answer.

A: No, Generally they do not earn the same amount.

Q: Why do entrepreneurs have trouble remaining objective when writing their business plans?

A: Some entrepreneurs fail to plan proper business plans as they don't want to test their ideas too…

Q: Must some members of society receive greater rewards than others?

A: Labor productivity: - Labor productivity is the capacity or ability of labor to produce goods and…

Q: The way in which economists' thinks is influenced: Select one: a. Wealth b. Opportunity cost c.…

A: A financial pointer is a piece of monetary information, ordinarily of macroeconomic scale, that is…

Q: Benjamin Franklin said “I think the best way of doing good to the poor is not making them easy in…

A: Poverty is a situation where an individual is considered as poor as they are unable to fulfill their…

Q: In what ways can people exercise their right to work and fair pay?

A: Work is very important as people want to work, have jobs, and increase their livelihood and income.…

Q: Which one is better? Equality or Equity? Give an example in which the government has done such a…

A: Meaning of Equality and Equity:Equality refers to the situation where the goods and services are…

Q: Does activism or social movements create a positive result? why or why not?

A: Social activism is effective even when it is done online, this is even more effective than offline…

Q: Can we train people out of poverty?

A: Poverty refers to the condition where an individual or a community is lacking the financial…

Q: What is the opportunity cost of working on the weekends?

A: Opportunity cost is the net best alternative forgone when making a decision between choices.

Q: The way in which economists think is influenced by: Select one: a. Money b. Governments c. Wealth d.…

A: The way economists think is influenced by Opportunity cost because the opportunity cost represents…

Q: What contributions are community colleges making tohigher education?

A: The institution providing higher education which provides a curriculum of two years that could lead…

Q: how does a market economy and individual right works? explain.

A: The many laws and ordinances that make up the economy are referred to as the economic system.…

Q: d. Government imposes costly new regulations to make oil drilling a safer job.

A: Labor demand and supply: The demand for labour exhibits an inverse relationship between wage rate…

Q: Why the governments should prioritized the end of poverty and hunger?

A: answer is given below

Q: The opportunity cost of working is __ Select one: a. the wage you earn for the time spent working.…

A: d. what you would have done during the time if you were not working.

Q: how does the bill of rights connect to equality and freedom? Without the bill of rights would there…

A: Individual civil rights and liberties, such as freedom of speech, press, and religion, are protected…

Q: Which class has the largest individuals? Which is the most economically important?

A: There are three classes of an individual: Lower class: An average income of this class falls below…

Q: Suppose you get $1,000 as a birthday gift.  You can spend it today or you can put the money in a…

A: The opportunity cost of spending the money can be calculated as follows: When the $1,000 gift amount…

Q: What are all the economic market structure and their differences? How to identify the market…

A: Dear Student as you have posted multiple questions, but we can attempt only 1 question at a time…

Q: What happens when you look at earnings per dollar spent to get an education?

A: The benefit received from the education is more than the cost. This is because education is…