Which of the following statements is correct?

Question

Quizplus · Accepted Answer

The EITC is a tax credit for low-income working individuals and families. It is designed to encourage and reward work while also providing an income boost for those who may not earn enough to meet their basic needs. One of the advantages of the EITC is that it specifically targets the working poor, helping to reduce poverty and improve economic mobility.

A is incorrect because the philosophy of liberalism emphasizes individual freedom and equality, not necessarily maximizing individual utilities.

B is incorrect because the poverty line is based on a national standard and does not account for regional variations in the cost of living or raising children.

D is incorrect because rising family incomes are often associated with increased access to education and a decreased reliance on child labor, particularly in poor countries.

Which of the Following Statements Is Correct