Which of the Following Is True of Food Assistance Programs

question 96

Multiple Choice

Which of the following is true of food assistance programs for older Americans?

• A)Persons aged 70 and older are eligible.
• B)There are no income limits for eligibility.
• C)Meals on Wheels is generally preferred to congregate meals.
• D)Meals on Wheels requires that individuals be permanently disabled in order to receive meals.
• E)Congregate meals and Meals on Wheels are funded by the Social Security Administration.

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Definitions:

Private Cost

The cost incurred by an individual or company in producing goods or services, excluding any costs imposed on others which are not reflected in market prices.

Social Value

The overall impact of an organization, policy, or project on society as a whole, beyond just the direct economic benefits.

Producer Surplus

The difference between what producers are willing to accept for a good compared to what they actually receive, essentially measuring the benefit to producers from selling at the market price.

Consumer Surplus

The gap between the amount consumers are ready to spend on a good or service and the amount they end up paying.