Which of the Following Statements Is True

question 162

Multiple Choice

Which of the following statements is true ?

• A) All people in poverty are on welfare.
• B) Unemployment compensation is an example of an in-kind transfer.
• C) Temporary Assistance to Needy Families (TANF) is an example of a cash payment made by government to the impoverished.
• D) After cash assistance and in-kind transfers are considered the distribution of income in the United States is more unequal.
• E) All of the above.

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Definitions:

Rate of Interest

The percentage of a sum of borrowed money that is paid by the borrower to the lender for the use of that money for a certain period.

Frank Knight

was an influential American economist known for his work on risk, uncertainty, and the role of the entrepreneur in economic theory.

Probability

The measure of the likelihood that an event will occur.

Land Rents

Payments made for the use of land, reflecting the value attributed to location and fertility in agricultural or real estate markets.