A Government Program or Policy Is ____________________ If It Is

question 4

Multiple Choice

A government program or policy is ____________________ if it is offered only to people who meet objective eligibility requirements,such as income level.

• A) means-tested
• B) progressive
• C) regressive
• D) agent-based
• E) need-based

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Definitions:

Consumption

Consumption denotes the use of goods and services by households, which plays a crucial role in the economic cycle by driving demand and influencing production.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs representing resources or production factors.

Opportunity Cost

Opting out from potential positive gains from different opportunities by making a single choice.

Writing Programs

The process of creating a sequence of instructions to enable a computer to perform a specific task.