Which One of the Following Correctly Describes Trends in Welfare

question 15

Multiple Choice

Which one of the following correctly describes trends in welfare enrollment since the passage of the Personal Responsibility and Work Opportunity Act of 1996?

• A)The number of people on welfare rolls has steadily increased.
• B)The number of people on welfare rolls has steadily decreased.
• C)The number of people on welfare rolls was essentially unchanged,despite the new law.
• D)The number of people on welfare rolls initially increased but decreased after the law was modified in 2003 during the George W.Bush administration
• E)The number of people on welfare rolls initially decreased but then increased starting in 2007 with the advent of the economic recession.

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Definitions:

Average Total Cost

The total cost of production divided by the quantity produced, encompassing both fixed and variable costs to provide a per-unit cost basis.

Fixed Costs

Business expenses that are not dependent on the level of goods or services produced by the business, such as rent and salaries.

Marginal Costs

The financial implication of manufacturing an extra unit of a product or service.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices within a given period.