Suppose a working mother is currently ineligible for any government assistance.If she were then to become eligible for an income maintenance program that incorporates both a basic benefit and a positive benefit-reduction rate:
A) both the income and substitution effect will cause her to increase her work effort
B) both the income and substitution effect will cause her to decrease her work effort
C) her work effort will increase if the substitution effect is stronger than the income effect
D) her work effort will decrease if the substitution effect is stronger than the income effect
Correct Answer:
Verified
Q43: The break-even level of income is:
A)$4500
B)$6000
C)$9000
D)$18,000
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Q50: refer to the following diagram:
Q51: Empirical evidence indicates that inheritances _ labor
Q52: Questions are based on the following
Q53: The Personal Responsibility and Work Opportunity Act
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