A "poverty trap" refers to the situation where
A) low-income persons whose only income for a period of 5 or more years has been welfare benefits.
B) tax-generated disincentives exist for middle-income persons to increase their earned income.
C) low-income persons whose only income for a period of 2 or more years has been welfare benefits.
D) tax-generated disincentives exist for very-low-income persons to increase their earned income.
E) the government has imposed a negative income tax.
Correct Answer:
Verified
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