The difference between social insurance and public assistance programs is that social insurance programs provide medical care, whereas public assistance programs only provide income support. O income support and medical care, whereas public assistance programs only provide medical care. O aid to those who are retired or suffering from temporary distress, whereas public assistance programs provide benefits for those who are unable to earn income. O benefits for those who are unable to earn income, whereas public assistance programs provide aid to those who are retired or suffering from temporary distress.
The difference between social insurance and public assistance programs is that social insurance programs provide medical care, whereas public assistance programs only provide income support. O income support and medical care, whereas public assistance programs only provide medical care. O aid to those who are retired or suffering from temporary distress, whereas public assistance programs provide benefits for those who are unable to earn income. O benefits for those who are unable to earn income, whereas public assistance programs provide aid to those who are retired or suffering from temporary distress.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 1SCQ: Describe how each of these changes is likely to affect poverty and inequality: Incomes rise for...
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Please answer the two multiple-choice questions attached.
Transcribed Image Text:The difference between social insurance and public assistance programs is that social insurance programs provide
O medical care, whereas public assistance programs only provide income support.
income support and medical care, whereas public assistance programs only provide medical care.
aid to those who are retired or suffering from temporary distress, whereas public assistance programs provide benefits for
those who are unable to earn income.
O benefits for those who are unable to earn income, whereas public assistance programs provide aid to those who are retired or
suffering from temporary distress.
Transcribed Image Text:Suppose there is an economy where 80 percent of people earn more than their parents and 40 percent end up in a different income
quintile than their parents. These statistics describe which of the following in terms of the income distribution?
There is high income inequality.
O There is high income mobility.
There is high income inequality but low income mobility.
O There is high income mobility but the income inequality is getting lower.
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