Evaluate this sentence, "The best way to get rid of poverty is to increase government expenditures on welfare programs."
a. This sentence is inherently true. By providing the poor with more money they will no longer remain in poverty.
b. This sentence is true. Everyone would be better off if we increased government transfer programs.
c. This sentence is false. Increasing transfer benefits like welfare will lower the opportunity cost of making decisions that can lead to poverty
d. This sentence is false. Increasing government expenditures will only be harmful to those in poverty.
C
You might also like to view...
The FOMC is the
A) name of the meeting the Fed has with Congress twice a year. B) report that summarizes the economy across Fed districts. C) report the Fed gives to Congress twice a year. D) group within the Fed that makes monetary policy. E) interest rate the Fed most directly influences.
President Franklin D. Roosevelt's first action regarding the run on banks was to
(a) close all banks. (b) increase the money supply. (c) prohibit bank foreclosures. (d) provide federal guarantees to depositors.