Explain how the Supplemental Security Income Program works
What will be an ideal response?
The SSI is designed to take care of the elderly who end up very poor and have no, or very low Social Security entitlement. The program has no trust fund and is thus funded out of general tax revenues.
Economics
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Which of the following is an example of a common pool resource?
A) a lighthouse B) burritos C) a high school football game D) redwood forests
Economics
The relationship between a change in consumer income and a resulting change in demand for a good is
a. demand elasticity. b. income elasticity of demand. c. cross elasticity of income demand. d. supply elasticity.
Economics