The Welfare Reforms of 1996 Did All of the Following

question 3

Multiple Choice

The welfare reforms of 1996 did all of the following except

• A) place time limitations on how long a recipient could receive benefits.
• B) grant block grants to the states to fund the programs.
• C) restrict most legal immigrants from receiving benefits.
• D) take the federal government out of welfare policy,granting all authority to the states.
• E) give the states much more discretion in designing their cash-assistance programs to needy families.

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Definitions:

Capital Structure

The mix of debt and equity financing a company uses to fund its operations and growth.

Tax Savings

The reduction in income tax obligation achieved through various deductions, credits, and exemptions.

Pre-merger WACC

The Weighted Average Cost of Capital for a company before undergoing a merger, representing its cost of funds.

Capital Structure

Capital structure refers to the composition of a company's funding obtained through debt and equity, including bonds, loans, and stock.