The existence of income transfer programs can
A) Increase the work incentive and increase GDP.
B) Increase the work incentive and increase total income.
C) Decrease the incentive to work,but still increase GDP.
D) Decrease the incentive to work and reduce income and output.
Correct Answer:
Verified
Q30: Welfare benefits reduce the need to work
Q31: The poverty gap is the
A)Shortfall between actual
Q32: The existence of income transfer programs can
A)Decrease
Q33: Q34: Welfare programs differ from social insurance programs Q36: A market failure exists when an imperfection Q37: Which of the following is a welfare
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