Historical table 5.1 (which we used earlier in the semester)

What will be an ideal response?

gives us information on the composition of government spending (G) also known as outlays. Taxes (or incomes) refer to the funds/revenues received by the government.

Economics

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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.

Economics

Those who favor changes in the market for health care that would make it more like the markets for other goods and services favor what are generally known as market-based reforms

Indicate whether the statement is true or false

Economics