Describe what it means for a program to “cream” a segment of the population.
What will be an ideal response?
Programs with limited capacities and stringent criteria for eligibility may select clients who actually need little help instead of those with the greatest need. This can make the programs appear successful, although those being served did not need the program in the first place, while a large segment of the neediest go unserved. This pattern has been observed, for example, in drug treatment programs that take addicts who are already motivated to rid themselves of their habits.
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Vertical equity in taxation presumes equal treatment of taxpayers who have equal capacity to pay
Indicate whether this statement is true or false.
How does liberalism compare with mercantilism?
A) Liberalism is not concerned with whether one state gains more or less than another, just whether the state's wealth is increasing in absolute terms, whereas mercantilism emphasizes that each state must protect its own interests at the expense of others. B) Liberalism emphasizes conflicting interests in economic exchanges, whereas mercantilism emphasizes shared interests. C) Liberalism asserts that the most important goal is the creation of the most favorable possible distribution of wealth, whereas mercantilism asserts that the most important goal of economic policy is the maximum creation of total wealth. D) Liberalism advocates a role for politics in market processes, whereas mercantilism advocates for market processes to be relatively unhindered by political elements.