The ________________ program has often been popular with both economists and the general public because of the way it effectively increases the payment received for work. On average, benefits from this program come to less than $2,300 per family with children.
a. Temporary Assistance for Needy Families (TANF)
b. Supplemental Nutrition Assistance Program (SNAP)
c. Aid to Families with Dependent Children (AFDC)
d. Earned Income Tax Credit (EITC)
d. Earned Income Tax Credit (EITC)
The Earned Income Tax Credit (EITC) has often been popular with both economists and the general public because of the way it effectively increases the payment received for work. On average, benefits from this program come to less than $2,300 per family with children.
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Refer to Table 1-4. What is Eva's marginal cost if she decides to stay open for two hours instead of one hour?
A) $12 B) $24 C) $36 D) $71
Scarcity forces us to choose, and choices are costly because we must give up other opportunities that we value
a. True b. False Indicate whether the statement is true or false