A Decrease in the Implicit Tax Rate on Welfare Benefits

question 12

Multiple Choice

A decrease in the implicit tax rate on welfare benefits serves as

• A) an incentive to work fewer hours.
• B) an incentive to work more hours.
• C) a way to decrease the incomes of welfare recipients.
• D) a way to decrease spending on benefits.

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Definitions:

PhCOCH

A general formula shorthand for compounds where a benzene ring (indicated by Ph, standing for phenyl) is attached to a carbonyl group (CO) and an additional unspecified group (CH), leading to a variety of possible chemical structures.

Cyclopentanecarboxylic Acid

A cycloalkane derived carboxylic acid, with the carboxyl group attached to a five-membered ring.

Reagents

Substances or compounds used in chemical reactions to cause or analyze a chemical change.

Reaction

An action through which one or more starting materials, or reactants, are altered to yield one or more new substances, termed products.