The TANF Program

question 71

Multiple Choice

The TANF program

• A) is a form of social insurance.
• B) has been found to be unconstitutional by the Supreme Court.
• C) limits total lifetime welfare benefits to 5 years and requires able-bodied adults to work after receiving benefits for 2 years.
• D) perpetuates the so-called culture of poverty.

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Definitions:

Marginal Utility

The extra gratification or advantage a person receives by consuming an additional unit of a specific good or service.

Marginal Utilities

The extra pleasure or benefit a consumer gets from purchasing and using an additional unit of a product or service.

Utility-Maximizing

A principle in economics where consumers aim to achieve the highest level of satisfaction with their choices, subject to their income and the prices of goods and services.

Marginal Utility

Marginal Utility represents the additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.