Question
Asked Nov 16, 2019
59 views

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?

check_circle

Expert Answer

Step 1

A) With the reduction in the welfare of recipients to only two years of benefits their incentive to work increases. Since they know that welfare benefits will not last forever. So, they have to work to earn money as if they do not wor...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Economics

Other

Related Economics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Assume that the reserve requirement is 25 percent. If the Federal Reserve buys $2,500 worth of b...

A: Given- reserve ratio = 25% = 0.25Money Multiplier = 1/reserve ratio = 1/0.25 = 4a)If the Federal Res...

question_answer

Q: Which spending category of GDP does each of the following transactions count in? Please enter the le...

A: suppose,C= Consumption.I= Investment.G= Government spending.NX= Net export.N=None. We can enter the ...

question_answer

Q: 9. Which of the following best explains why a price-taker firm faces a horizontal demand curve at th...

A: A price taker firm is the firm which takes the prevailing market price of a service or good as given...

question_answer

Q: List and explain the various unemployment rates used by the BLS, and indicate which one of the 6 is ...

A: The Bureau of Labor Statistics (BLS) measures unemployment rates in six categories, they are;U-1 Une...

question_answer

Q: Which of the following would both make the interest rate on a bond higher than otherwise?   a. t...

A: To make the interest rate on a bond higher than otherwise.

question_answer

Q: B) Explain why the presence of the built-instabilizer is important to managing the macroeconomy.

A: To explain why the presence of the built-instabilizer is important to manage the macroeconomy. 

question_answer

Q: draw graphs to illustrate the difference between a decrease in quantity supplied and a decrease in s...

A: The figure 1 shows decrease in quantity supplied and a decrease in supply for condominiums

question_answer

Q: When unwanted inventories pile up in retail stores, how is production affected?  What are the steps ...

A: When the inventories pile up in retail stores, then the stores will first try to clear the stores by...

question_answer

Q: 1. Consider the market for rubber bands. If this market has very elastic supply and very inelastic d...

A: Consumer surplus refers to the difference between the highest willing price of the consumer and the ...