A Means Tested Government Program Is One That

question 88

Multiple Choice

A means tested government program is one that

• A) is pilot tested to see if it works.
• B) provides assistance to those below a certain income level.
• C) is temporary and ends after a short period of time.
• D) all of the above

---

Definitions:

Capital Equipment

Long-lasting tools, machinery, or infrastructure used in the production of goods and services, considered a form of investment in physical capital.

Depreciation

The allocation of an asset's cost over its useful life, reflecting a decrease in the value of tangible and intangible assets over time.

Subsidies

Financial support provided by the government to organizations or individuals, making goods or services more affordable.

Transfer Payments

Payments made by the government to individuals without any services or goods being received in return, such as welfare payments or social security benefits.