A Major Component of the Welfare Reform Legislation in 1996

question 4

Multiple Choice

A major component of the Welfare Reform Legislation in 1996 was to

• A)provide childcare,food,and housing
• B)turn welfare over to the states
• C)mandate new procedures for collecting child support
• D)subsidize child care AFDC,and energy assistance

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Definitions:

Leading Firms

Companies that dominate an industry or market, often characterized by significant market share or innovation.

Concentration Ratios

Measures indicating the market share of the largest firms within an industry, used to assess the degree of market concentration and competition.

Shortcomings

Deficiencies or weaknesses in a plan, system, or personal characteristic that prevent achieving optimal performance or results.

Cutthroat Oligopolist

A firm in an oligopoly market structure that aggressively competes on price, often to the detriment of profit margins.