ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Inequality, Social Insurance, and Redistribution-End of Chapter Problem
Suppose one of your friends says that they pay taxes for no reason because the governmènt just hands cash out to people
who do not truly deserve or need it. Your friend then says, "the system would be more productive if they made sure peopl
who receive help are the ones who need it."
Consider the tools that the government uses to help ensure aid goes to those in need,
a. The social safety net programs fall into one of two categories:
wealth or income.
progressive or regressive.
means-based or social insurance.
relative or absolute.
b. For
aid qualification, people receiving aid must meet low income requirements, while
aid is designed to insure everyone against bad outcomes.
c. Another tool of the U.S. government is to provide
transfers, such as SNAP benefits, instead of cash.
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Transcribed Image Text:Inequality, Social Insurance, and Redistribution-End of Chapter Problem Suppose one of your friends says that they pay taxes for no reason because the governmènt just hands cash out to people who do not truly deserve or need it. Your friend then says, "the system would be more productive if they made sure peopl who receive help are the ones who need it." Consider the tools that the government uses to help ensure aid goes to those in need, a. The social safety net programs fall into one of two categories: wealth or income. progressive or regressive. means-based or social insurance. relative or absolute. b. For aid qualification, people receiving aid must meet low income requirements, while aid is designed to insure everyone against bad outcomes. c. Another tool of the U.S. government is to provide transfers, such as SNAP benefits, instead of cash.
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