Which of the following is a method of reducing the poverty trap?
a. Imposing requirements for work as a condition of receiving benefits
b. Ensuring that government benefits are increased gradually over time
c. Reducing government benefits by an amount equal to income earned
d. Providing a guaranteed minimum income for all needy recipients
a. Imposing requirements for work as a condition of receiving benefits
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Relative to a simultaneous-move situation, the loss to firm C from having to move second in the game in Scenario 13.14, would be
A) 37. B) 20. C) 12. D) 8. E) 5.
Rational (political) ignorance refers to
A) some voters choosing not to vote in elections. B) the fact that some voters are not smart enough to be informed on political issues. C) the state of not acquiring information about politics and government because the costs of acquiring the information are greater than the benefits. D) political candidates deliberately saying "dumb" things during their campaign. E) none of the above