Recently, the Design and Administration of Which Type of Program

question 120

Multiple Choice

Recently, the design and administration of which type of program has been turned over to the states?

• A) Medicaid
• B) Social security
• C) Medicare
• D) TANF
• E) AFDC

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Definitions:

Opportunity Cost

The financial impact of rejecting the subsequent preferable alternative while deciding.

Housework

Tasks and chores done to maintain household operations, including cleaning, cooking, and home maintenance.

Work Force

The total number of people available to work, including both the employed and those seeking employment in a particular country or region.

Comparative Advantage

An economic theory that explains how countries or entities can gain by specializing in the production of goods and services they can produce more efficiently than others and trading for those they produce less efficiently.