Which of the following statements is not correct?
a. Welfare programs may encourage illegitimate births.
b. The decline in welfare benefits since the 1970s has been associated with a decline in the percentage of children living with a single parent.
c. Welfare programs may reduce incentives for people to work.
d. A negative income tax program uses tax revenues collected from high-income families to provide cash subsidies to low-income families.
b
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Open market operations intended to offset movements in noncontrollable factors (such as float) that affect reserves and the monetary base are called
A) defensive open market operations. B) dynamic open market operations. C) offensive open market operations. D) reactionary open market operations.
The Gallatin Plan (1808)
(a) was a plan by the U.S. Senate for a comprehensive system of internal land and water transport in the eastern part of the country to be built by the federal government. (b) was promoted on the basis that only the federal government could command sufficient resources to build a transportation system. (c) was partially implemented but not completed by the federal government because of concerns about the constitutionality of such federal action. (d) was characterized by all of the above.