Means-Tested Programs Tend to Favor

question 44

Multiple Choice

Means-tested programs tend to favor

• A)those with high income as would a consumption tax.
• B)those with high income while a consumption tax would favor those with low income.
• C)those with low income as would a consumption tax.
• D)those with low income while a consumption tax would favor those with high income.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights.

Principal

In a legal context, the principal is the party who grants authority to an agent to act on their behalf in legal or financial matters.

Apparent Authority

A situation where someone appears to have the power to act on behalf of another (such as an employer), even if they do not have actual authority.

Ratify

To formally approve or confirm an agreement or act, making it officially valid.