The current approach to welfare reform is to cut the growth of welfare by shifting control from the federal government to the states. The idea is that because state and local officials are closer to the people, welfare programs will improve. Analyze the results presented above based on work disincentives, inefficiencies, and inequities.

Suppose consultants use a job-scoring system and determine that the wage rate for a secretary is $50 per hour, while the competitive labor market wage rate is $10 per hour. What would be the effect of such a comparable worth law? a. Compute the cumulative distribution of income for each country. b. Construct the Lorenz

Suppose each family in the United States earned an equal money income. What would be the effect?  Explain the difference between poverty defined absolutely and poverty defined relatively. Which definition is the basis of the poverty line?

Which of the following statements is true?a. All people in poverty are on welfare. b. Unemployment compensation is an in-kind transfer. c. Temporary Assistance to Needy Families (TANF) is an example of a cash payment made by government to the impoverished. d. After cash assistance and in-kind transfers are considered, the distribution of income in

Which of the following statements is true? a. Discrimination against women and blacks reduces the demand for these workers, resulting in lower wages paid these workers. b. Discrimination is no longer a problem in the United States. c. A negative income tax system is a plan in which everyone pays the same percentage of their income

As shown in Exhibit 11, the perfect equality line isdrawn between points a. W and Y along the curve. b. X and Z. c. W and Y along the straight line. d. W and X.

Assume a regulatory agency is given authority overprices and entry conditions for a given industry. Also assume the agency decides to allow new entry, as the CAB actually did before deregulation, only when it is proven to be “necessary.” Would this condition be expected to favor (a) existing regulated firms, (b) new entrants, or (c)

Assume a natural monopolist is required to use marginal cost pricing and a government subsidy covers the loss. What problems might be associated with a public subsidy?

Do you agree that “cost does not really matter” as a principle for safety regulation, or do you believe that the cost of a safety device must be justified on the basis of the value of human life protected from a hazard?

The antitrust doctrine that the existence of monopoly alone is not illegal unless the monopoly engages in illegal business practices is called the ___________. T F The Robinson-Patman Act strengthened the merger provisions of the Clayton Act.