Which of the Following Is Not an Automatic Stabilizer

question 9

Multiple Choice

Which of the following is not an automatic stabilizer?

• A)the minimum wage
• B)the unemployment compensation system
• C)the federal income tax
• D)the welfare system

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Definitions:

Objectively Worthy

A term used to describe something that is considered to have value or merit based on unbiased criteria or standards.

Preexisting Duty

An obligation that one is already legally required to perform, which cannot be used as consideration for a new contract.

Legally Sufficient Consideration

Consideration that is considered to be enough or adequate under the law for a contract to be binding.

Preexisting Duty

An obligation that one party already owes under the law or another agreement, which cannot serve as consideration for a new contract.