Negative income tax in welfare system

Relation to the current U.S. welfare system, a suitable negative income tax plan would: (1) be much more difficult and more expensive to administer. (2) reduce some of the current disincentives for work. (3) result in a substantial decrease in the net incomes of poor people when they worked. (4) cause more poor people to provide welfare to people who are better off. (5) result in huge increases in tax burdens on workers.

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Microeconomics

Q : Barriers to entry A barrier to entry

A barrier to entry is: (w) an impediment for firms to expand their output capacity. (x) a limit to the number of entrants to a monopolist industry. (y) an obstacle which makes this hard for new firms to enter the industry. (z) the fixed cost to a pote

Q : Problem on Substitution Market demand

Market demand curve for the Hormel’s canned Spam [that is, a processed pork product which is an inferior good for most of the people], would shift rightward as the effect of major increases in: (i) Publicity regarding high correlations among hea

Q : Product Differentiation During product

During product differentiation, the firms attempt to: (w) become price takers. (x) gain a degree of market power over their pricing and sales of their products. (y) increase the supply of their products. (z) raise the price elasticity of the demand fo

Q : Income Effects-Inferior Goods I have a

I have a problem in economics on Income Effects-Inferior Goods. Please help me in the following question. When monetary prices drop and the quantity of a good your family purchases reduces as the purchasing power of your family income has risen, the good is a/an: (1)

Q : Negatively sloped market power The

The demand curve which confronts a: (i) competitive industry is perfectly elastic. (ii) purely competitive firm is downward sloping. (iii) monopolistic firm is horizontal. (iv) monopolistic industry is upward-sloping. (v) firm along with market power

Q : Examples of Labor

The contracts needing employment after some worker’s jobs have been made obsolete through automation are illustrations of: (i) Blacklisting. (ii) Labor-reducing protectionism. (iii) Check-off provisions. (iv) Yellow dog contracts. (v) Feather-bedding.

Q : Unite to form cartels and share

Oligopolies which unite to form cartels and share monopoly profits give an illustration of: (i) collusive behavior. (ii) territorial imperatives. (iii) mergers and acquisitions. (iv) non-collusive strategy. (v) corporate raiding.

Q : Purchasing power of a consumers income

The modification in purchases which results since changes in relative prices modify the purchasing power of a consumer's income is termed as: (i) Adjustment margin. (ii) Income effect. (iii) Demonstration effect. (iv) Transfer pattern. (v) Replacement

Q : Output and price comparison with

Compared to the output and price which are allocatively efficient by the vantage point of society, in that case a monopolist tends to: (w) produce less and charge a higher price. (x) maximize average profits when possible. (y) set price in the inelast

Q : Perfectly inelastic supply of labor

Glynn’s supply of labor is perfectly inelastic at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. 2</span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1454324 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1947830
Asked

3,689

Active Tutors

1454324

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment