The main attractive feature of a negative income tax program is
a. it is politically clean and simple
b. it keeps the IRS out of the picture
c. it avoids cash payments to the poor
d. it is totally financed out of the incomes of the poor creating for them a sense of individual responsibility
e. it only subsidizes the unemployed
A
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The Bank of the United States faced opposition from which of the following?
A) local banks who resented the Bank's supervision B) advocates of limited government who distrusted its power C) farmers and small businesses who resented the Bank's interference with their ability to obtain loans D) all of the above
Select the normative statement that completes the following sentence: If the minimum wage is raised:
A. cost per unit of output will rise. B. workers will gain their rightful share of total income. C. the rate of inflation will increase. D. profits will fall.