Which of the following is not a relatively recent change in policy concerning welfare?
(A) Transitioning from welfare to workfare.
(B) Replacing Aid to Families with Dependent Children (AFDC) with Temporary Assistance for Needy Families (TANF).
(C) Setting a 5-year limit on TANF benefits.
(D) Reassigning the responsibility for implementing antipoverty programs to the federal government.
Ans: (D) Reassigning the responsibility for implementing antipoverty programs to the federal government.
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Consumers and producers face each other in the many markets of our economy, and in most of these markets,
a. price floors dominate b. price ceilings dominate c. market prices dominate d. government intervention is commonplace e. parity exists between the farm and nonfarm goods
In the classical view of the labor market, it is implied that unemployment does not exist.
Answer the following statement true (T) or false (F)