One Effect of the Work Requirements of Welfare Reform Has

question 1

Multiple Choice

One effect of the work requirements of welfare reform has been

• A)to make the demand curve for welfare upward sloping
• B)to lower the "price" of welfare to recipients
• C)to make the supply curve of welfare upward sloping
• D)to reduce the amount of hassle involved with going on welfare
• E)to raise the "price" of welfare to the recipients

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Definitions:

Social Security Tax

Taxes collected from employees and employers to fund the Social Security program, which provides retirement, disability, and survivor benefits.

Federal Budget

The government’s estimation of revenue and spending for a forthcoming fiscal year that includes allocations of funds to various federal departments and agencies.

Defense Spending

Government expenditure on military forces and activities, including salaries, equipment, construction, and research and development.

Means of Production

The facilities, resources, and tools used to produce goods and services in an economy, often discussed in Marxist economic theories.