Economists Caution That Conventional Statistics Used to Estimate the Extent

question 7

Multiple Choice

Economists caution that conventional statistics used to estimate the extent of poverty in the United States fail to account for benefits people receive that, if considered, would reduce the amount of poverty. Which of the following is an example of these benefits?

• A) Individuals can use tax credits and the personal exemption to reduce their taxable incomes. This reduces what they owe the government and increases their disposable incomes.
• B) The federal income tax system is progressive. As a result, the poor have higher after-tax incomes than they would have if the income tax system was proportional or progressive.
• C) Individuals with low incomes receive non-cash benefits such as free school lunches and food stamps.
• D) The federal minimum wage forces employers to pay workers with low skills an efficiency wage.

Recognize the concept and examples of repression and motivated forgetting.

Explore the construction and active formation of new memories.

Identify common memory processes involved in déjà vu experiences.

Acknowledge the role of decay and other factors in forgetting.

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Definitions:

Conglomerate Merger

Merger between two companies in unrelated industries.

Unrelated Industries

Different sectors or types of business activities that have no direct connection or influence on one another.

Regulation

The implementation of laws and rules by governments to control or manage certain activities or industries.

1980s

A decade characterized by economic change, technological advancement, and profound shifts in world politics, spanning from 1980 to 1989.