Standard Welfare Systems Are

question 11

Multiple Choice

Standard welfare systems are:

• A)inefficient because they discourage recipients from working.
• B)ineffective programs for encouraging technological innovation.
• C)effective institutions for equalizing the income distribution.
• D)efficient because they rely on lump sum taxes.

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Definitions:

Federal Minimum Wage

The lowest hourly wage that an employer can legally pay their employees, as set by the federal government.

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The state of being without a job while actively looking for employment.

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The study of fundamental questions about existence, knowledge, values, reason, mind, and language.

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A condition of low temperatures in the environment, which can have various economic impacts depending on the context.