Welfare Reforms Are Measured Along Which Two Dimensions

question 19

Multiple Choice

Welfare reforms are measured along which two dimensions?

• A) the number of people receiving welfare and the crime rate
• B) waste and fraud within each welfare program
• C) the number of people on welfare and the success of getting people into the workforce
• D) the number of welfare recipients who continued receiving welfare benefits for more than five years versus those who received benefits for a shorter period of time
• E) the percent of children, versus the percent of adults, on the welfare rolls

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Definitions:

Market Anomalies

Price patterns or other market behaviors that deviate from the efficient market hypothesis and could potentially be exploited for profit.

Abnormal Returns

The earnings on a stock (or portfolio) that exceed what would be predicted by an equilibrium model like the CAPM.

Inside Trades

Trading activities based on material, non-public information about a company, which is illegal in many jurisdictions.

Magnitude Problem

A challenge in assessing or comparing the significance of different quantities, often due to scale differences, leading to difficulty in making accurate judgments or decisions.