The iron triangle means there are inevitable trade-offs between the three key aims of welfare policy. Complete the sentences below which describe this policy trilemma using phrases from the drop down lists next to each gap. You may use each phrase more than once. Cutting benefits available to the unemployed will help but will not help . Reducing the basic rate of income tax will help but will not help save money immediately on the government's budget improve incentives to take employment raise the living standards of the poorest households

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The iron triangle means there are inevitable trade-offs between the three key aims of welfare policy.
Complete the sentences below which describe this policy trilemma using phrases from the drop down
lists next to each gap. You may use each phrase more than once.
Cutting benefits available to the unemployed will help
but will not help
Reducing the basic rate of
income tax will help
but will not help
save money immediately on the government's budget
improve incentives to take employment
raise the living standards of the poorest households
>
>
Transcribed Image Text:The iron triangle means there are inevitable trade-offs between the three key aims of welfare policy. Complete the sentences below which describe this policy trilemma using phrases from the drop down lists next to each gap. You may use each phrase more than once. Cutting benefits available to the unemployed will help but will not help Reducing the basic rate of income tax will help but will not help save money immediately on the government's budget improve incentives to take employment raise the living standards of the poorest households > >
The iron triangle means there are inevitable trade-offs between the three key aims of welfare policy.
Complete the sentences below which describe this policy trilemma using phrases from the drop down
lists next to each gap. You may use each phrase more than once.
Cutting benefits available to the unemployed will help
but will not help
Reducing the basic rate of
income tax will help
v but will not help
Transcribed Image Text:The iron triangle means there are inevitable trade-offs between the three key aims of welfare policy. Complete the sentences below which describe this policy trilemma using phrases from the drop down lists next to each gap. You may use each phrase more than once. Cutting benefits available to the unemployed will help but will not help Reducing the basic rate of income tax will help v but will not help
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