Which of the Following Statements Is Correct

question 38

Multiple Choice

Which of the following statements is correct?

• A)A minimum wage law will result in less additional unemployment if labor demand is elastic rather than inelastic.
• B)An in-kind transfer allows a person to use the benefit to purchase whatever they think they need most.
• C)If a tax policy states that taxes owed equal 1/3 of income less $15,000, a person earning $25,000 per year would owe $6,666.67 in taxes.
• D)Welfare reform enacted in 1996 limited the amount of time recipients could stay on welfare.

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Definitions:

Tourism Industry

A broad sector that deals with the services, activities, and experiences associated with people traveling outside their usual environment for leisure, business, or other purposes.

Developing Countries

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.

Ecotourism

Environmentally responsible travel to natural areas that promote conservation and provide for beneficially active socioeconomic involvement of local peoples.

Community Blood Drive

A locally organized event where individuals volunteer to donate blood, often facilitated by health organizations or community groups to support the local blood supply.