Problem
i. Explain the iron triangle of welfare programs, then describe how turning means-tested programs into a categorical welfare program solve the iron triangle.
ii. What are some pros and cons of adopting universal basic income?
iii. Do you agree or disagree with adopting universal basic income to replace existing social welfare programs?
iv. Explain what the unemployment insurance policy is. Then, discuss how the unemployment insurance during the pandemic differed from the unemployment insurance pre- and post- pandemic.
v. According to the latest research, was the first set of stimulus payments effective in sustaining the economy?