Michael

posted by .

Which one of the following would increase income inequality as measured by official Census data and the quintile distribution?
A. a doubling of social security retirement benefits
B. the elimination of the food stamp program
C. the elimination of the TANF program
D. reduced divorce rates

Gomez argues that we need to increase the nation's output. Chang contends that our top priority should be a more equal distribution of income and output. It can be correctly stated that these two goals are:
A. essentially unrelated.
B. complementary because the realization of one will promote fulfillment of the other.
C. at least partially competing because the redistribution of income might impair incentives to work and produce.
D. complementary because a more equal distribution of income always promotes economic growth.

A bumper crop of farm products causes:
A. only a slight decline in the price of farm products because the demand for farm products is income inelastic.
B. a large decline in the price of farm products because the demand for farm products is price inelastic.
C. only a slight decline in the price of farm products because the demand for farm products is income elastic.
D. a large decline in the price of farm products because the demand for farm products is price elastic.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. microeconomics

    how do i figure this out? if all incomes were equalized by government taxes and transfer payments, how much would the average household in each income quintile gaine (via transfers) or lose (via taxes)?
  2. history

    what are republicans view on social security. please helppp This is what i have so far:Workers will have choice to invest their payroll taxes. Anyone currently receiving Social Security, or close to it, will not be impacted by any …
  3. Government

    1. George W. Bush has called for an expansion in the role of __ in administering federal social programs a. colleges and universities b. big business c. state gov't d. federal bureaucrats e. religious organizations 2. Polling data …
  4. english

    this is the assignment can you tell me if i covered what was needed of the assignment?
  5. Personal Finance

    ◦What is Social Security? Discuss how it fits into your retirement plan. There are concerns that Social Security may have trouble paying full benefits in the future. Why does this matter to you now?
  6. Government US

    The primary reason that the existence of Social Security greatly lessens the demand for other forms of social welfare is that a. Social Security is so popular that many people believe other welfare programs are neither necessary nor …
  7. Government US

    Which of the following is true of social security and Medicare?
  8. math

    1.Social Security laws allow you can collect full social security benefits at age 67 however; the law allows you to retired early at age 62 with a 30% reduced rate of benefits. If your full benefits were $1,000 a month, what would …
  9. math

    1.Social Security laws allow you can collect full social security benefits at age 67 however; the law allows you to retired early at age 62 with a 30% reduced rate of benefits. If your full benefits were $1,000 a month, what would …
  10. History

    I am home schooled and I am suppose to ask people their ideas on how to solve the Social Security problem. It says in my book the population of working Americans is not growing quickly enough to fund continued increases in Social Security …

More Similar Questions