The Public Assistance Program That Economists Believe Can Promote Economic

question 137

Multiple Choice

The public assistance program that economists believe can promote economic equality at the least cost in economic efficiency is

• A)Aid to Families with Dependent Children (AFDC).
• B)a negative income tax (NIT).
• C)food stamps.
• D)Medicaid.

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Definitions:

Utility Expense

Costs incurred by a business or individual for utilities such as electricity, water, and gas.

Cash

Cash refers to company-held currency and bank account balances that are readily available for use.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Money owed by a company to its creditors for goods and services that have been delivered but not yet paid for.